Merit Financial Group LLC Sells 938 Shares of Sila Realty Trust, Inc. (NYSE:SILA)

Merit Financial Group LLC reduced its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,968 shares of the company’s stock after selling 938 shares during the quarter. Merit Financial Group LLC’s holdings in Sila Realty Trust were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SILA. abrdn plc increased its stake in shares of Sila Realty Trust by 30.6% in the fourth quarter. abrdn plc now owns 14,760 shares of the company’s stock valued at $355,000 after buying an additional 3,460 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Sila Realty Trust in the fourth quarter valued at approximately $1,453,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Sila Realty Trust during the fourth quarter worth $324,000. Apollon Wealth Management LLC lifted its holdings in Sila Realty Trust by 16.7% during the fourth quarter. Apollon Wealth Management LLC now owns 30,640 shares of the company’s stock worth $745,000 after acquiring an additional 4,385 shares during the period. Finally, MeadowBrook Investment Advisors LLC bought a new stake in Sila Realty Trust during the fourth quarter worth $278,000.

Sila Realty Trust Price Performance

Shares of NYSE SILA opened at $24.15 on Thursday. The stock has a market cap of $1.33 billion and a PE ratio of 38.95. Sila Realty Trust, Inc. has a fifty-two week low of $20.20 and a fifty-two week high of $27.50. The stock has a fifty day moving average of $25.37 and a 200-day moving average of $25.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.78 and a current ratio of 0.78.

Sila Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.63%. The ex-dividend date was Wednesday, May 21st. Sila Realty Trust’s dividend payout ratio is 258.06%.

Analysts Set New Price Targets

Separately, Truist Financial raised their target price on Sila Realty Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 17th.

Sila Realty Trust Profile

Sila Realty Trust, Inc, headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the large, growing, and resilient healthcare sector. The Company invests in high quality healthcare facilities along the continuum of care, which, we believe, generate predictable, durable, and growing income streams.