Riggs Capital Management LLC Acquires New Stake in Sila Realty Trust, Inc. (NYSE:SILA)

Riggs Capital Management LLC bought a new position in Sila Realty Trust, Inc. (NYSE:SILA) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 18,685 shares of the company’s stock, valued at approximately $454,000.

A number of other hedge funds also recently added to or reduced their stakes in SILA. Carolina Wealth Advisors LLC acquired a new stake in Sila Realty Trust during the 4th quarter worth about $26,000. Pineridge Advisors LLC increased its holdings in Sila Realty Trust by 244.0% in the 4th quarter. Pineridge Advisors LLC now owns 3,244 shares of the company’s stock worth $79,000 after acquiring an additional 2,301 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Sila Realty Trust by 507.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,465 shares of the company’s stock worth $84,000 after buying an additional 2,895 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Sila Realty Trust by 16.8% during the fourth quarter. Sound Income Strategies LLC now owns 5,690 shares of the company’s stock worth $138,000 after purchasing an additional 817 shares in the last quarter. Finally, Financial Counselors Inc. acquired a new stake in shares of Sila Realty Trust in the third quarter valued at about $230,000.

Sila Realty Trust Price Performance

Shares of SILA opened at $26.44 on Monday. Sila Realty Trust, Inc. has a 52-week low of $20.20 and a 52-week high of $26.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $25.17 and a 200 day moving average price of $25.07.

Sila Realty Trust Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a $0.40 dividend. The ex-dividend date was Wednesday, March 12th.

Wall Street Analyst Weigh In

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

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.