Sila Realty Trust (NYSE:SILA) Trading Up 1.4% – Time to Buy?

Sila Realty Trust, Inc. (NYSE:SILA) shares traded up 1.4% on Friday . The company traded as high as $26.71 and last traded at $27.39. 16,738 shares changed hands during trading, a decline of 97% from the average session volume of 608,718 shares. The stock had previously closed at $27.00.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price target on shares of 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 Stock Down 6.1 %

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.37. The business has a 50 day simple moving average of $25.42 and a two-hundred day simple moving average of $25.12.

Sila Realty Trust Announces Dividend

The business 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 was Wednesday, March 12th.

Institutional Trading of Sila Realty Trust

Several institutional investors have recently added to or reduced their stakes in SILA. Charles Schwab Investment Management Inc. bought a new stake in shares of Sila Realty Trust in the 3rd quarter worth about $8,100,000. The Manufacturers Life Insurance Company bought a new stake in Sila Realty Trust in the third quarter valued at about $3,292,000. BNP Paribas Financial Markets acquired a new stake in Sila Realty Trust during the third quarter valued at approximately $873,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Sila Realty Trust during the 3rd quarter worth approximately $305,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Sila Realty Trust in the 3rd quarter worth approximately $4,091,000.

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.