Sila Realty Trust (NYSE:SILA) Receives New Coverage from Analysts at Truist Financial

Truist Financial began coverage on shares of Sila Realty Trust (NYSE:SILA) in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $29.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the stock. BNP Paribas began coverage on shares of Sila Realty Trust in a report on Tuesday, June 25th. They set an outperform rating and a $30.00 target price for the company. Janney Montgomery Scott initiated coverage on shares of Sila Realty Trust in a research report on Thursday, October 3rd. They set a buy rating and a $28.00 price target on the stock.

Sila Realty Trust Trading Down 0.5 %

Shares of SILA opened at $24.75 on Monday. The stock’s 50 day moving average price is $24.16. Sila Realty Trust has a one year low of $7.45 and a one year high of $26.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.24 and a quick ratio of 2.24.

Sila Realty Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.1333 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Monday, September 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SILA. Long Pond Capital LP acquired a new stake in Sila Realty Trust during the second quarter worth about $49,981,000. Millennium Management LLC purchased a new stake in shares of Sila Realty Trust during the 2nd quarter valued at approximately $16,010,000. Cambridge Investment Research Advisors Inc. acquired a new position in Sila Realty Trust in the second quarter valued at approximately $15,534,000. Cetera Investment Advisers purchased a new position in Sila Realty Trust in the second quarter worth approximately $7,547,000. Finally, Madrona Financial Services LLC acquired a new stake in Sila Realty Trust during the second quarter worth $4,686,000.

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.