Geode Capital Management LLC Buys New Position in Sila Realty Trust, Inc. (NYSE:SILA)

Geode Capital Management LLC purchased a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 576,995 shares of the company's stock, valued at approximately $14,599,000. Geode Capital Management LLC owned about 1.05% of Sila Realty Trust as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new stake in Sila Realty Trust in the 2nd quarter valued at about $26,000. Oakworth Capital Inc. bought a new stake in shares of Sila Realty Trust in the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Sila Realty Trust during the 2nd quarter valued at approximately $49,000. Anchor Investment Management LLC bought a new position in Sila Realty Trust in the 2nd quarter worth approximately $60,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Sila Realty Trust in the 2nd quarter valued at approximately $67,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial dropped 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. Janney Montgomery Scott assumed coverage on Sila Realty Trust in a report on Thursday, October 3rd. They set a "buy" rating and a $28.00 price objective on the stock.

Sila Realty Trust Stock Performance

NYSE SILA traded up $0.26 on Tuesday, hitting $24.32. The stock had a trading volume of 325,831 shares, compared to its average volume of 566,169. The business has a 50-day moving average of $25.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78. Sila Realty Trust, Inc. has a 52-week low of $7.45 and a 52-week high of $26.75.

Sila Realty Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Investors 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 dividend on an annualized basis and a dividend yield of 6.58%.

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.