Sila Realty Trust (NYSE:SILA) Stock Price Expected to Rise, Truist Financial Analyst Says

Sila Realty Trust (NYSE:SILA) had its price objective hoisted by Truist Financial from $27.00 to $28.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Sila Realty Trust Price Performance

Shares of NYSE:SILA opened at $26.37 on Monday. The company has a 50 day moving average of $24.83 and a 200-day moving average of $25.00. 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 has a twelve month low of $20.20 and a twelve month high of $26.75.

Sila Realty Trust Dividend Announcement

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

Institutional Trading of Sila Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. acquired a new position in Sila Realty Trust during the third quarter worth about $867,000. Charles Schwab Investment Management Inc. acquired a new stake in Sila Realty Trust in the 3rd quarter valued at about $8,100,000. Concorde Asset Management LLC bought a new position in shares of Sila Realty Trust during the 3rd quarter valued at about $219,000. Larson Financial Group LLC grew its stake in shares of Sila Realty Trust by 22.0% in the 3rd quarter. Larson Financial Group LLC now owns 110,064 shares of the company’s stock worth $2,784,000 after purchasing an additional 19,854 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in shares of Sila Realty Trust by 130.9% in the 3rd 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 in the last quarter.

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.