Riggs Capital Management LLC Makes New Investment in Sila Realty Trust, Inc. (NYSE:SILA)

Riggs Capital Management LLC acquired a new stake in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,685 shares of the company's stock, valued at approximately $454,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Sila Realty Trust in the 3rd quarter valued at $4,091,000. Geode Capital Management LLC purchased a new stake in shares of Sila Realty Trust in the third quarter valued at about $14,599,000. JPMorgan Chase & Co. increased its position in Sila Realty Trust by 510.9% during the third quarter. JPMorgan Chase & Co. now owns 36,509 shares of the company's stock worth $923,000 after purchasing an additional 30,533 shares during the last quarter. State Street Corp acquired a new stake in Sila Realty Trust during the third quarter worth about $22,303,000. Finally, Harbor Capital Advisors Inc. raised its stake in Sila Realty Trust by 52.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 417,913 shares of the company's stock worth $10,164,000 after purchasing an additional 143,143 shares during the period.

Sila Realty Trust Price Performance

SILA traded down $0.22 on Thursday, hitting $26.99. The company had a trading volume of 480,672 shares, compared to its average volume of 611,120. The company's fifty day moving average price is $25.34 and its 200 day moving average price is $25.11. Sila Realty Trust, Inc. has a 1 year low of $20.20 and a 1 year high of $27.78. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37.

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Sila Realty Trust Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 12th.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price target on shares of 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 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.