HGI Capital Management LLC Takes $5.03 Million Position in Sila Realty Trust, Inc. (NYSE:SILA)

HGI Capital Management LLC acquired a new stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 199,067 shares of the company’s stock, valued at approximately $5,034,000. Sila Realty Trust comprises approximately 4.4% of HGI Capital Management LLC’s portfolio, making the stock its 8th biggest holding. HGI Capital Management LLC owned about 0.36% of Sila Realty Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Long Pond Capital LP acquired a new stake in Sila Realty Trust during the 2nd quarter worth approximately $49,981,000. Millennium Management LLC acquired a new stake in Sila Realty Trust during the 2nd quarter worth approximately $16,010,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Sila Realty Trust during the 2nd quarter worth approximately $15,534,000. Cetera Investment Advisers acquired a new stake in Sila Realty Trust during the 2nd quarter worth approximately $7,547,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Sila Realty Trust during the 3rd quarter worth approximately $8,100,000.

Analyst Upgrades and Downgrades

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

Sila Realty Trust Stock Performance

NYSE SILA opened at $26.27 on Friday. Sila Realty Trust, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $26.50. The business has a 50 day moving average of $25.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78.

Sila Realty Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.1333 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend is Friday, November 29th.

Sila Realty Trust 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.