Sila Realty Trust (NYSE:SILA) Hits New 52-Week High – Here’s What Happened

Sila Realty Trust, Inc. (NYSE:SILA) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $26.57 and last traded at $26.44, with a volume of 64586 shares changing hands. The stock had previously closed at $26.14.

Analysts Set New Price Targets

Several equities analysts have recently commented on SILA shares. Truist Financial started coverage on shares of Sila Realty Trust in a research report on Monday, October 7th. They issued a “buy” rating and a $29.00 target price for the company. Janney Montgomery Scott initiated coverage on shares of Sila Realty Trust in a research note on Thursday, October 3rd. They set a “buy” rating and a $28.00 target price on the stock.

Sila Realty Trust Price Performance

The firm’s 50 day simple moving average is $25.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.78 and a current ratio of 0.78.

Sila Realty Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.1333 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 6.00%.

Hedge Funds Weigh In On Sila Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. Baldwin Brothers LLC MA acquired a new stake in Sila Realty Trust in the second quarter worth $191,000. Lion Street Advisors LLC purchased a new stake in shares of Sila Realty Trust in the second quarter worth approximately $239,000. Diversify Advisory Services LLC bought a new position in shares of Sila Realty Trust in the second quarter valued at approximately $923,000. Sound Income Strategies LLC purchased a new position in Sila Realty Trust during the 2nd quarter worth $406,000. Finally, Ignite Planners LLC purchased a new position in Sila Realty Trust during the second quarter worth about $249,000.

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.