Sumitomo Mitsui Trust Group Inc. Cuts Position in Sila Realty Trust, Inc. (NYSE:SILA)

Sumitomo Mitsui Trust Group Inc. lessened its stake in Sila Realty Trust, Inc. (NYSE:SILA) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,228 shares of the company’s stock after selling 528 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.11% of Sila Realty Trust worth $1,582,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Sila Realty Trust by 94.0% in the 4th quarter. Vanguard Group Inc. now owns 5,133,173 shares of the company’s stock valued at $124,839,000 after purchasing an additional 2,487,337 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Sila Realty Trust by 240.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,125,774 shares of the company’s stock valued at $51,699,000 after purchasing an additional 1,500,624 shares in the last quarter. Conversant Capital LLC increased its holdings in shares of Sila Realty Trust by 6.4% in the 4th quarter. Conversant Capital LLC now owns 1,924,033 shares of the company’s stock valued at $46,792,000 after purchasing an additional 115,552 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Sila Realty Trust in the 4th quarter valued at about $25,918,000. Finally, Victory Capital Management Inc. acquired a new stake in Sila Realty Trust in the 4th quarter valued at about $16,253,000.

Analyst Upgrades and Downgrades

Separately, Truist Financial increased their price objective on shares of Sila Realty Trust from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 17th.

Sila Realty Trust Price Performance

Shares of NYSE SILA opened at $24.02 on Friday. Sila Realty Trust, Inc. has a 52 week low of $20.76 and a 52 week high of $27.50. The stock has a market cap of $1.32 billion and a price-to-earnings ratio of 38.74. The company’s 50-day moving average price is $24.77 and its 200 day moving average price is $24.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40.

Sila Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 21st. This represents a $1.60 annualized dividend and a dividend yield of 6.66%. Sila Realty Trust’s dividend payout ratio is currently 258.06%.

Sila Realty Trust Company 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.