Principal Financial Group Inc. Invests $1.08 Million in Sila Realty Trust, Inc. $SILA

Principal Financial Group Inc. purchased a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 43,050 shares of the company’s stock, valued at approximately $1,081,000.

Several other large investors have also recently added to or reduced their stakes in SILA. Focus Partners Wealth lifted its position in Sila Realty Trust by 1.6% in the first quarter. Focus Partners Wealth now owns 36,902 shares of the company’s stock valued at $986,000 after purchasing an additional 585 shares during the period. Anchor Investment Management LLC grew its position in Sila Realty Trust by 11.4% during the second quarter. Anchor Investment Management LLC now owns 5,774 shares of the company’s stock worth $137,000 after buying an additional 590 shares during the period. Amundi increased its holdings in Sila Realty Trust by 2.1% in the first quarter. Amundi now owns 32,203 shares of the company’s stock valued at $869,000 after buying an additional 664 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Sila Realty Trust by 3.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 19,448 shares of the company’s stock valued at $460,000 after acquiring an additional 668 shares during the period. Finally, Creative Planning lifted its position in shares of Sila Realty Trust by 5.1% during the 2nd quarter. Creative Planning now owns 18,310 shares of the company’s stock valued at $433,000 after acquiring an additional 894 shares during the period.

Analyst Ratings Changes

A number of research firms recently weighed in on SILA. Weiss Ratings restated a “hold (c)” rating on shares of Sila Realty Trust in a report on Monday, December 29th. Wells Fargo & Company dropped their price target on Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.67.

Sila Realty Trust Stock Performance

Sila Realty Trust stock opened at $25.18 on Thursday. Sila Realty Trust, Inc. has a fifty-two week low of $21.94 and a fifty-two week high of $27.50. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 36.49 and a beta of -0.02. The stock has a fifty day moving average of $23.99 and a two-hundred day moving average of $24.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.22 and a current ratio of 1.22.

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. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.