Millennium Management LLC Makes New $16.01 Million Investment in Sila Realty Trust, Inc. (NYSE:SILA)

Millennium Management LLC bought a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 756,258 shares of the company's stock, valued at approximately $16,010,000. Millennium Management LLC owned about 1.32% of Sila Realty Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SILA. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Sila Realty Trust during the 2nd quarter worth approximately $15,534,000. Madrona Financial Services LLC bought a new position in shares of Sila Realty Trust in the second quarter valued at about $4,686,000. Commonwealth Equity Services LLC bought a new position in shares of Sila Realty Trust in the second quarter valued at about $3,519,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Sila Realty Trust during the 2nd quarter worth about $3,238,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Sila Realty Trust during the 2nd quarter worth about $3,082,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BNP Paribas assumed coverage on Sila Realty Trust in a report on Tuesday, June 25th. They set an "outperform" rating and a $30.00 price target for the company. Janney Montgomery Scott started coverage on Sila Realty Trust in a report on Thursday. They set a "buy" rating and a $28.00 target price for the company.

Sila Realty Trust Stock Down 1.5 %

Shares of SILA traded down $0.38 during mid-day trading on Friday, hitting $25.15. 680,914 shares of the company's stock were exchanged, compared to its average volume of 1,190,671. Sila Realty Trust, Inc. has a 52 week low of $7.45 and a 52 week high of $26.50. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $24.11.

Sila Realty Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.1333 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Monday, September 30th.

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.