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

Sila Realty Trust (NYSE:SILA) had its price target lowered by Truist Financial from $29.00 to $28.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage 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 set a “buy” rating and a $28.00 price target for the company.

Sila Realty Trust Stock Down 3.2 %

SILA opened at $24.11 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78. Sila Realty Trust has a twelve month low of $7.45 and a twelve month high of $26.75. The business’s 50-day moving average price is $25.36.

Sila Realty Trust Dividend Announcement

The firm 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 annualized dividend and a yield of 6.63%. The ex-dividend date was Friday, November 29th.

Institutional Inflows and Outflows

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