The Manufacturers Life Insurance Company Invests $3.29 Million in Sila Realty Trust, Inc. (NYSE:SILA)

The Manufacturers Life Insurance Company purchased a new stake in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 130,168 shares of the company's stock, valued at approximately $3,292,000. The Manufacturers Life Insurance Company owned approximately 0.24% of Sila Realty Trust at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SILA. Long Pond Capital LP purchased a new stake in Sila Realty Trust in the 2nd quarter worth $49,981,000. Millennium Management LLC bought a new stake in Sila Realty Trust in the 2nd quarter worth approximately $16,010,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Sila Realty Trust during the 2nd quarter worth approximately $15,534,000. Cetera Investment Advisers purchased a new stake in shares of Sila Realty Trust during the 2nd quarter worth approximately $7,547,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Sila Realty Trust during the 3rd quarter valued at approximately $8,100,000.

Sila Realty Trust Stock Up 1.2 %

Shares of NYSE:SILA traded up $0.30 during trading hours on Friday, hitting $25.64. 318,611 shares of the company's stock traded hands, compared to its average volume of 608,628. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a fifty day simple moving average of $25.37. Sila Realty Trust, Inc. has a 1 year low of $7.45 and a 1 year high of $26.75.

Sila Realty Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.1333 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.24%.

Wall Street Analysts Forecast Growth

SILA has been the topic of a number of research reports. Truist Financial assumed coverage on shares of Sila Realty Trust in a report on Monday, October 7th. They issued a "buy" rating and a $29.00 target price on the stock. Janney Montgomery Scott assumed coverage on Sila Realty Trust in a report on Thursday, October 3rd. They issued a "buy" rating and a $28.00 target price for the company.

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.