Apollon Wealth Management LLC Trims Stock Position in Sila Realty Trust, Inc. (NYSE:SILA)

Apollon Wealth Management LLC decreased its holdings in Sila Realty Trust, Inc. (NYSE:SILA) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,255 shares of the company’s stock after selling 5,558 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sila Realty Trust were worth $664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GoalVest Advisory LLC purchased a new stake in shares of Sila Realty Trust during the 2nd quarter worth about $25,000. Global Financial Private Client LLC acquired a new stake in shares of Sila Realty Trust in the second quarter worth $26,000. EverSource Wealth Advisors LLC purchased a new position in shares of Sila Realty Trust in the 2nd quarter valued at $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in Sila Realty Trust during the 2nd quarter worth $27,000. Finally, LRI Investments LLC acquired a new stake in Sila Realty Trust in the 2nd quarter valued at $30,000.

Sila Realty Trust Price Performance

Shares of SILA opened at $24.42 on Friday. Sila Realty Trust, Inc. has a 1-year low of $7.45 and a 1-year high of $26.50. The business has a 50-day moving average of $25.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.24.

Sila Realty Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.1333 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Friday, November 29th.

Analysts Set New Price Targets

SILA has been the topic of several analyst reports. Janney Montgomery Scott assumed coverage on shares of Sila Realty Trust in a research note on Thursday, October 3rd. They set a “buy” rating and a $28.00 price target on the stock. Truist Financial assumed coverage on shares of Sila Realty Trust in a report on Monday, October 7th. They issued a “buy” rating and a $29.00 price target for the company.

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.