Sila Realty Trust (NYSE:SILA) Reaches New 1-Year High – Here’s Why

Sila Realty Trust, Inc. (NYSE:SILA)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.92 and last traded at $26.88, with a volume of 167713 shares trading hands. The stock had previously closed at $26.47.

Analysts Set New Price Targets

Separately, Truist Financial lifted their target price on Sila Realty Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, March 17th.

Sila Realty Trust Trading Up 1.1 %

The firm has a 50 day moving average of $25.17 and a 200 day moving average of $25.07. 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 Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 12th.

Institutional Investors Weigh In On Sila Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. purchased a new stake in shares of Sila Realty Trust during the 3rd quarter valued at approximately $8,100,000. The Manufacturers Life Insurance Company purchased a new position in shares of Sila Realty Trust in the third quarter valued at $3,292,000. BNP Paribas Financial Markets bought a new stake in shares of Sila Realty Trust during the 3rd quarter valued at $873,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Sila Realty Trust during the 3rd quarter worth about $305,000. Finally, Financial Counselors Inc. bought a new position in Sila Realty Trust in the 3rd quarter worth about $230,000.

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.