Spire Wealth Management Purchases New Shares in Sila Realty Trust, Inc. (NYSE:SILA)

Spire Wealth Management acquired a new position in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 31,331 shares of the company's stock, valued at approximately $762,000. Spire Wealth Management owned approximately 0.06% of Sila Realty Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SILA. State Street Corp purchased a new stake in Sila Realty Trust during the third quarter valued at $22,303,000. Geode Capital Management LLC bought a new position in shares of Sila Realty Trust in the 3rd quarter worth approximately $14,599,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Sila Realty Trust in the third quarter worth approximately $8,100,000. Harbor Capital Advisors Inc. purchased a new position in shares of Sila Realty Trust in the third quarter worth approximately $6,949,000. Finally, International Assets Investment Management LLC grew its position in Sila Realty Trust by 2,589.3% during the third quarter. International Assets Investment Management LLC now owns 212,082 shares of the company's stock valued at $5,364,000 after buying an additional 204,196 shares during the period.

Sila Realty Trust Stock Down 0.7 %

NYSE SILA traded down $0.19 during trading hours on Friday, hitting $25.24. 253,470 shares of the company were exchanged, compared to its average volume of 292,691. Sila Realty Trust, Inc. has a 52 week low of $7.45 and a 52 week high of $26.75. The stock has a 50-day moving average price of $24.52 and a 200 day moving average price of $24.58. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.37.

Sila Realty Trust (NYSE:SILA - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.32). Sila Realty Trust had a return on equity of 1.54% and a net margin of 12.11%. The firm had revenue of $46.12 million during the quarter, compared to analysts' expectations of $46.38 million. Research analysts predict that Sila Realty Trust, Inc. will post 2.23 earnings per share for the current year.

Sila Realty Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.1333 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.34%.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their target price on Sila Realty Trust from $29.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, December 18th.

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.