Sila Realty Trust (NYSE:SILA) Reaches New 12-Month High – Here’s Why

Shares of Sila Realty Trust, Inc. (NYSE:SILA) reached a new 52-week high on Monday . The stock traded as high as $26.92 and last traded at $26.88, with a volume of 167713 shares. The stock had previously closed at $26.47.

Analyst Ratings Changes

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

Sila Realty Trust Stock Performance

The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $25.27 and its two-hundred day simple moving average is $25.09.

Sila Realty Trust Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a $0.40 dividend. The ex-dividend date was Wednesday, March 12th.

Institutional Trading of Sila Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of SILA. Vanguard Group Inc. raised its position in Sila Realty Trust by 94.0% in the 4th quarter. Vanguard Group Inc. now owns 5,133,173 shares of the company’s stock valued at $124,839,000 after buying an additional 2,487,337 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Sila Realty Trust by 240.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,125,774 shares of the company’s stock worth $51,699,000 after purchasing an additional 1,500,624 shares in the last quarter. Conversant Capital LLC boosted its holdings in Sila Realty Trust by 6.4% during the fourth quarter. Conversant Capital LLC now owns 1,924,033 shares of the company’s stock worth $46,792,000 after purchasing an additional 115,552 shares during the last quarter. William Blair Investment Management LLC bought a new position in Sila Realty Trust in the fourth quarter valued at $25,918,000. Finally, State Street Corp acquired a new stake in Sila Realty Trust in the 3rd quarter valued at $22,303,000.

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.