Truist Financial Cuts Sila Realty Trust (NYSE:SILA) Price Target to $28.00

Sila Realty Trust (NYSE:SILA) had its price target decreased by Truist Financial from $29.00 to $28.00 in a research report released on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Separately, Janney Montgomery Scott began coverage on shares of Sila Realty Trust in a report on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price objective for the company.

Sila Realty Trust Trading Up 2.1 %

Sila Realty Trust stock opened at $24.46 on Wednesday. The company has a 50-day moving average price of $25.33. Sila Realty Trust has a 12 month low of $7.45 and a 12 month 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.

Sila Realty Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.1333 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend was Friday, November 29th.

Institutional Trading of Sila Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SILA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Sila Realty Trust during the 3rd quarter worth about $4,091,000. Harbor Capital Advisors Inc. bought a new stake in shares of Sila Realty Trust during the 3rd quarter valued at about $6,949,000. Centaurus Financial Inc. grew its stake in Sila Realty Trust by 130.9% during the third quarter. Centaurus Financial Inc. now owns 66,195 shares of the company’s stock worth $1,674,000 after purchasing an additional 37,531 shares during the period. Graham Capital Wealth Management LLC bought a new stake in Sila Realty Trust in the third quarter worth approximately $4,304,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Sila Realty Trust in the third quarter valued at approximately $867,000.

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.