Wealth Enhancement Advisory Services LLC Boosts Stake in Sila Realty Trust, Inc. $SILA

Wealth Enhancement Advisory Services LLC raised its position in Sila Realty Trust, Inc. (NYSE:SILA) by 29.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,701 shares of the company’s stock after purchasing an additional 6,458 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.05% of Sila Realty Trust worth $689,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sila Realty Trust in the first quarter worth $39,000. Asset Dedication LLC grew its stake in Sila Realty Trust by 398.6% during the 1st quarter. Asset Dedication LLC now owns 1,750 shares of the company’s stock valued at $47,000 after acquiring an additional 1,399 shares in the last quarter. Avalon Trust Co acquired a new position in Sila Realty Trust in the 1st quarter valued at about $47,000. KBC Group NV acquired a new position in shares of Sila Realty Trust in the 1st quarter worth approximately $79,000. Finally, ORG Wealth Partners LLC acquired a new stake in Sila Realty Trust during the 1st quarter worth approximately $80,000.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SILA. Weiss Ratings reissued a “hold (c+)” rating on shares of Sila Realty Trust in a research report on Saturday, September 27th. Wells Fargo & Company assumed coverage on shares of Sila Realty Trust in a report on Tuesday, September 23rd. They set an “equal weight” rating and a $27.00 price target for the company. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.50.

Sila Realty Trust Price Performance

NYSE SILA opened at $24.39 on Friday. The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 35.35. The company has a 50 day simple moving average of $25.08 and a 200-day simple moving average of $25.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93. Sila Realty Trust, Inc. has a 52-week low of $22.52 and a 52-week high of $27.50.

Sila Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Thursday, August 21st. Sila Realty Trust’s dividend payout ratio (DPR) is presently 231.88%.

About Sila Realty Trust

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.