Van ECK Associates Corp Makes New $256,000 Investment in Sila Realty Trust, Inc. (NYSE:SILA)

Van ECK Associates Corp purchased a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,866 shares of the company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SILA. Baldwin Brothers LLC MA acquired a new position in shares of Sila Realty Trust during the second quarter worth about $191,000. Lion Street Advisors LLC acquired a new position in Sila Realty Trust in the second quarter valued at approximately $239,000. Diversify Advisory Services LLC acquired a new position in Sila Realty Trust in the second quarter valued at approximately $923,000. Sound Income Strategies LLC acquired a new position in Sila Realty Trust in the second quarter valued at approximately $406,000. Finally, Ignite Planners LLC acquired a new position in Sila Realty Trust in the second quarter valued at approximately $249,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SILA. Truist Financial began coverage on Sila Realty Trust in a report on Monday, October 7th. They issued a “buy” rating and a $29.00 price target for the company. Janney Montgomery Scott began coverage on Sila Realty Trust in a report on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price target for the company.

Sila Realty Trust Price Performance

SILA stock opened at $24.34 on Thursday. Sila Realty Trust, Inc. has a twelve month low of $7.45 and a twelve month high of $26.50. The company has a 50 day moving average price of $25.28. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.1333 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.57%. The ex-dividend date is Thursday, October 31st.

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.