Madrona Financial Services LLC Sells 2,518 Shares of Sila Realty Trust, Inc. (NYSE:SILA)

Madrona Financial Services LLC cut its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 1.2% in the first quarter, HoldingsChannel reports. The fund owned 204,250 shares of the company’s stock after selling 2,518 shares during the period. Sila Realty Trust makes up approximately 1.5% of Madrona Financial Services LLC’s holdings, making the stock its 19th largest holding. Madrona Financial Services LLC’s holdings in Sila Realty Trust were worth $5,456,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Sila Realty Trust by 94.0% during the 4th quarter. Vanguard Group Inc. now owns 5,133,173 shares of the company’s stock valued at $124,839,000 after acquiring an additional 2,487,337 shares during the period. Frontier Capital Management Co. LLC grew its stake in shares of Sila Realty Trust by 240.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,125,774 shares of the company’s stock valued at $51,699,000 after acquiring an additional 1,500,624 shares during the period. Conversant Capital LLC grew its stake in shares of Sila Realty Trust by 6.4% during the 4th quarter. Conversant Capital LLC now owns 1,924,033 shares of the company’s stock valued at $46,792,000 after acquiring an additional 115,552 shares during the period. William Blair Investment Management LLC bought a new position in shares of Sila Realty Trust during the 4th quarter valued at approximately $25,918,000. Finally, Victory Capital Management Inc. bought a new position in shares of Sila Realty Trust during the 4th quarter valued at approximately $16,253,000.

Sila Realty Trust Trading Down 1.2%

SILA stock opened at $23.82 on Thursday. Sila Realty Trust, Inc. has a 1-year low of $20.30 and a 1-year high of $27.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $1.31 billion and a price-to-earnings ratio of 38.42. The business has a 50 day simple moving average of $25.08 and a two-hundred day simple moving average of $25.03.

Sila Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.60 annualized dividend and a yield of 6.72%. Sila Realty Trust’s payout ratio is 258.06%.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their price objective on Sila Realty Trust from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 17th.

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.