Dynamic Advisor Solutions LLC Trims Holdings in Sila Realty Trust, Inc. (NYSE:SILA)

Dynamic Advisor Solutions LLC lessened its stake in Sila Realty Trust, Inc. (NYSE:SILA) by 46.2% in the 3rd quarter, Holdings Channel reports. The firm owned 19,036 shares of the company’s stock after selling 16,355 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Sila Realty Trust were worth $481,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Long Pond Capital LP purchased a new stake in Sila Realty Trust during the second quarter worth about $49,981,000. Millennium Management LLC acquired a new position in shares of Sila Realty Trust in the second quarter valued at approximately $16,010,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Sila Realty Trust during the 2nd quarter worth approximately $15,534,000. Cetera Investment Advisers purchased a new position in Sila Realty Trust in the 2nd quarter valued at approximately $7,547,000. Finally, Madrona Financial Services LLC acquired a new position in shares of Sila Realty Trust in the second quarter worth $4,686,000.

Sila Realty Trust Price Performance

NYSE:SILA opened at $25.39 on Friday. Sila Realty Trust, Inc. has a 12 month low of $7.45 and a 12 month high of $26.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.24. The company has a fifty day simple moving average of $24.24.

Sila Realty Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.1333 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend is Monday, September 30th.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SILA shares. BNP Paribas began coverage on Sila Realty Trust in a report on Tuesday, June 25th. They issued an “outperform” rating and a $30.00 target price for the company. Janney Montgomery Scott initiated coverage on Sila Realty Trust in a research note on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Truist Financial initiated coverage on Sila Realty Trust in a research report on Monday, October 7th. They set a “buy” rating and a $29.00 price objective for the company.

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.