HighTower Advisors LLC Purchases Shares of 50,099 Sila Realty Trust, Inc. (NYSE:SILA)

HighTower Advisors LLC acquired a new position in Sila Realty Trust, Inc. (NYSE:SILA) during the fourth quarter, HoldingsChannel reports. The firm acquired 50,099 shares of the company’s stock, valued at approximately $1,218,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carolina Wealth Advisors LLC acquired a new stake in Sila Realty Trust during the 4th quarter worth approximately $26,000. Pineridge Advisors LLC increased its position in shares of Sila Realty Trust by 244.0% in the fourth quarter. Pineridge Advisors LLC now owns 3,244 shares of the company’s stock worth $79,000 after acquiring an additional 2,301 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Sila Realty Trust by 16.8% in the fourth quarter. Sound Income Strategies LLC now owns 5,690 shares of the company’s stock worth $138,000 after acquiring an additional 817 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Sila Realty Trust by 5.6% in the 4th quarter. Blue Trust Inc. now owns 9,138 shares of the company’s stock valued at $222,000 after acquiring an additional 481 shares during the period. Finally, Financial Counselors Inc. acquired a new position in shares of Sila Realty Trust during the 3rd quarter valued at $230,000.

Sila Realty Trust Price Performance

SILA opened at $25.80 on Wednesday. Sila Realty Trust, Inc. has a twelve month low of $20.20 and a twelve month high of $26.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $25.05 and a 200 day simple moving average of $25.04.

Sila Realty Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, March 12th.

Wall Street Analysts Forecast Growth

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

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.