Madrona Financial Services LLC Sells 3,018 Shares of Sila Realty Trust, Inc. (NYSE:SILA)

Madrona Financial Services LLC trimmed its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 206,768 shares of the company’s stock after selling 3,018 shares during the quarter. Sila Realty Trust comprises 1.4% of Madrona Financial Services LLC’s holdings, making the stock its 19th largest position. Madrona Financial Services LLC’s holdings in Sila Realty Trust were worth $5,029,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SILA. Merit Financial Group LLC boosted its stake in Sila Realty Trust by 23.8% during the fourth quarter. Merit Financial Group LLC now owns 11,906 shares of the company’s stock worth $290,000 after acquiring an additional 2,291 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in Sila Realty Trust during the fourth quarter worth $26,000. Harbor Capital Advisors Inc. boosted its stake in Sila Realty Trust by 52.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 417,913 shares of the company’s stock worth $10,164,000 after acquiring an additional 143,143 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Sila Realty Trust by 510.9% during the third quarter. JPMorgan Chase & Co. now owns 36,509 shares of the company’s stock worth $923,000 after acquiring an additional 30,533 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Sila Realty Trust during the third quarter worth $646,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SILA. Truist Financial dropped 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 note on Wednesday, December 18th. Janney Montgomery Scott began coverage on shares of Sila Realty Trust in a research note on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price objective on the stock.

Sila Realty Trust Stock Performance

SILA stock opened at $23.72 on Thursday. The company has a 50 day moving average price of $24.71. 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, Inc. has a 12 month low of $7.45 and a 12 month high of $26.75.

Sila Realty Trust (NYSE:SILA) last announced its earnings results on Tuesday, November 12th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $46.12 million for the quarter, compared to the consensus estimate of $46.38 million. On average, analysts anticipate 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 disclosed a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.1333 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.75%.

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.