Spire Wealth Management Acquires Shares of 31,331 Sila Realty Trust, Inc. (NYSE:SILA)

Spire Wealth Management acquired a new stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 31,331 shares of the company’s stock, valued at approximately $762,000.

A number of other institutional investors have also modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of Sila Realty Trust by 5.6% during the 4th quarter. Blue Trust Inc. now owns 9,138 shares of the company’s stock valued at $231,000 after buying an additional 481 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Sila Realty Trust by 8.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 9,859 shares of the company’s stock valued at $240,000 after buying an additional 750 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Sila Realty Trust by 7.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 12,180 shares of the company’s stock valued at $308,000 after buying an additional 800 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Sila Realty Trust by 16.8% during the 4th quarter. Sound Income Strategies LLC now owns 5,690 shares of the company’s stock valued at $138,000 after buying an additional 817 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Sila Realty Trust by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 19,083 shares of the company’s stock valued at $483,000 after buying an additional 852 shares during the last quarter.

Sila Realty Trust Stock Up 0.6 %

NYSE:SILA opened at $25.02 on Wednesday. Sila Realty Trust, Inc. has a 52 week low of $7.45 and a 52 week high of $26.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s 50-day moving average price is $24.60 and its 200-day moving average price is $24.53.

Sila Realty Trust (NYSE:SILA) 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 analyst estimates of $46.38 million. Sell-side analysts predict that Sila Realty Trust, Inc. will post 2.23 EPS for the current year.

Sila Realty Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.1333 dividend. This represents a $1.60 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend was Friday, November 29th.

Analysts Set New Price Targets

Separately, 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.

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.