Merit Financial Group LLC Purchases 2,291 Shares of Sila Realty Trust, Inc. (NYSE:SILA)

Merit Financial Group LLC grew its position in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 23.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,906 shares of the company’s stock after acquiring an additional 2,291 shares during the period. Merit Financial Group LLC’s holdings in Sila Realty Trust were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp purchased a new position in Sila Realty Trust during the 3rd quarter valued at about $22,303,000. Millennium Management LLC bought a new stake in shares of Sila Realty Trust in the 2nd quarter worth approximately $16,010,000. Geode Capital Management LLC purchased a new position in shares of Sila Realty Trust during the third quarter valued at approximately $14,599,000. Harbor Capital Advisors Inc. raised its holdings in shares of Sila Realty Trust by 52.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 417,913 shares of the company’s stock valued at $10,164,000 after acquiring an additional 143,143 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Sila Realty Trust in the second quarter worth $7,547,000.

Sila Realty Trust Stock Up 0.9 %

NYSE SILA opened at $24.30 on Friday. The stock’s 50 day moving average is $24.70 and its 200 day moving average is $24.46. Sila Realty Trust, Inc. has a twelve month low of $7.45 and a twelve month 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.

Sila Realty Trust (NYSE:SILA) last announced 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). The business had revenue of $46.12 million for the quarter, compared to the consensus estimate of $46.38 million. Sila Realty Trust had a net margin of 12.11% and a return on equity of 1.54%. On average, equities analysts predict that Sila Realty Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

Sila Realty Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.1333 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend was Friday, November 29th.

Analyst Ratings Changes

SILA has been the topic of a number of research analyst reports. Truist Financial reduced their price objective on shares of 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. Janney Montgomery Scott initiated coverage on shares of Sila Realty Trust in a research report on Thursday, October 3rd. They set a “buy” rating and a $28.00 price target on the stock.

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.