Bank of America Corp DE Has $2.33 Million Stake in Sila Realty Trust, Inc. (NYSE:SILA)

Bank of America Corp DE lifted its position in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 365.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,952 shares of the company’s stock after acquiring an additional 75,339 shares during the quarter. Bank of America Corp DE owned approximately 0.17% of Sila Realty Trust worth $2,334,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MetLife Investment Management LLC acquired a new stake in shares of Sila Realty Trust during the 4th quarter valued at $39,000. Pineridge Advisors LLC lifted its holdings in Sila Realty Trust by 244.0% during the 4th quarter. Pineridge Advisors LLC now owns 3,244 shares of the company’s stock worth $79,000 after buying an additional 2,301 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Sila Realty Trust by 507.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,465 shares of the company’s stock worth $84,000 after buying an additional 2,895 shares during the period. First Trust Advisors LP acquired a new position in Sila Realty Trust during the 4th quarter worth about $210,000. Finally, Aptus Capital Advisors LLC acquired a new position in Sila Realty Trust during the 4th quarter worth about $219,000.

Analysts Set New Price Targets

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

Sila Realty Trust Stock Performance

SILA stock opened at $24.79 on Tuesday. The stock has a 50-day moving average price of $25.65 and a 200-day moving average price of $25.20. Sila Realty Trust, Inc. has a 1-year low of $20.20 and a 1-year high of $27.50. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.37 billion and a PE ratio of 39.98.

Sila Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Wednesday, May 21st. Sila Realty Trust’s dividend payout ratio (DPR) is presently 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.