LGT Financial Advisors LLC Cuts Position in Sila Realty Trust, Inc. (NYSE:SILA)

LGT Financial Advisors LLC lowered its position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 81.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,103 shares of the company's stock after selling 35,435 shares during the period. LGT Financial Advisors LLC's holdings in Sila Realty Trust were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SILA. Baldwin Brothers LLC MA bought a new position in shares of Sila Realty Trust during the second quarter valued at $191,000. Lion Street Advisors LLC bought a new stake in shares of Sila Realty Trust in the second quarter worth approximately $239,000. Diversify Advisory Services LLC purchased a new position in shares of Sila Realty Trust during the second quarter valued at approximately $923,000. Sound Income Strategies LLC bought a new position in Sila Realty Trust during the second quarter valued at approximately $406,000. Finally, Ignite Planners LLC purchased a new stake in Sila Realty Trust in the second quarter worth approximately $249,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial initiated coverage on shares of Sila Realty Trust in a research note on Monday, October 7th. They set a "buy" rating and a $29.00 target price for the company. Janney Montgomery Scott assumed coverage on Sila Realty Trust in a research report on Thursday, October 3rd. They set a "buy" rating and a $28.00 price objective for the company.

Sila Realty Trust Trading Up 2.8 %

Shares of SILA stock traded up $0.67 during mid-day trading on Thursday, reaching $24.67. 393,980 shares of the company's stock traded hands, compared to its average volume of 580,544. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.24 and a quick ratio of 2.24. Sila Realty Trust, Inc. has a 12 month low of $7.45 and a 12 month high of $26.50. The firm's 50 day moving average price is $25.21.

Sila Realty Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.1333 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Thursday, October 31st.

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.