JPMorgan Chase & Co. Grows Position in Sila Realty Trust, Inc. (NYSE:SILA)

JPMorgan Chase & Co. boosted its position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 510.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,509 shares of the company's stock after purchasing an additional 30,533 shares during the period. JPMorgan Chase & Co. owned about 0.07% of Sila Realty Trust worth $923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of Sila Realty Trust during the third quarter valued at approximately $646,000. Fulcrum Equity Management grew its position in Sila Realty Trust by 15.3% in the 3rd quarter. Fulcrum Equity Management now owns 33,243 shares of the company's stock valued at $841,000 after acquiring an additional 4,418 shares during the last quarter. Barclays PLC purchased a new stake in Sila Realty Trust in the third quarter worth $592,000. Geode Capital Management LLC bought a new stake in shares of Sila Realty Trust during the third quarter worth $14,599,000. Finally, MML Investors Services LLC boosted its stake in shares of Sila Realty Trust by 40.3% during the third quarter. MML Investors Services LLC now owns 17,568 shares of the company's stock valued at $444,000 after purchasing an additional 5,047 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Janney Montgomery Scott started coverage on shares of Sila Realty Trust in a research note on Thursday, October 3rd. They issued a "buy" rating and a $28.00 price target on the stock. Truist Financial reduced their target price on shares of 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.

Sila Realty Trust Stock Performance

Shares of SILA traded up $0.22 during midday trading on Friday, reaching $24.30. 218,073 shares of the stock were exchanged, compared to its average volume of 231,567. 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 company's 50 day moving average is $24.70 and its two-hundred day moving average is $24.46. Sila Realty Trust, Inc. has a 52 week low of $7.45 and a 52 week high of $26.75.

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

Sila Realty Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.1333 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.58%.

Sila Realty Trust Company 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.