J.W. Cole Advisors Inc. Lowers Stake in Sila Realty Trust, Inc. (NYSE:SILA)

J.W. Cole Advisors Inc. trimmed its position in Sila Realty Trust, Inc. (NYSE:SILA) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,684 shares of the company’s stock after selling 2,510 shares during the quarter. J.W. Cole Advisors Inc. owned 0.06% of Sila Realty Trust worth $801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SILA. State of Alaska Department of Revenue purchased a new position in Sila Realty Trust in the third quarter valued at approximately $688,000. IFM Investors Pty Ltd acquired a new position in shares of Sila Realty Trust during the 3rd quarter valued at $335,000. International Assets Investment Management LLC increased its holdings in Sila Realty Trust by 2,589.3% in the 3rd quarter. International Assets Investment Management LLC now owns 212,082 shares of the company’s stock valued at $5,364,000 after purchasing an additional 204,196 shares in the last quarter. Oakworth Capital Inc. acquired a new position in shares of Sila Realty Trust during the third quarter worth about $35,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Sila Realty Trust during the third quarter worth about $230,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SILA. Truist Financial began coverage on Sila Realty Trust in a research note on Monday, October 7th. They issued a “buy” rating and a $29.00 target price for the company. Janney Montgomery Scott initiated coverage on shares of Sila Realty Trust in a research report on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price objective for the company.

Sila Realty Trust Stock Performance

Shares of Sila Realty Trust stock opened at $25.37 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.24 and a quick ratio of 2.24. Sila Realty Trust, Inc. has a 1-year low of $7.45 and a 1-year high of $26.50. The firm’s 50-day simple moving average is $25.05.

Sila Realty Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.1333 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.60 annualized dividend and a yield of 6.31%.

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.