Truist Financial Issues Pessimistic Forecast for Sila Realty Trust (NYSE:SILA) Stock Price

Sila Realty Trust (NYSE:SILA - Free Report) had its target price cut by Truist Financial from $29.00 to $28.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, 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 for the company.

Sila Realty Trust Price Performance

NYSE:SILA traded down $0.79 during mid-day trading on Wednesday, reaching $24.11. 295,917 shares of the stock were exchanged, compared to its average volume of 573,400. Sila Realty Trust has a 1-year low of $7.45 and a 1-year high of $26.75. 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 business's fifty day moving average price is $25.36.

Sila Realty Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.1333 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.63%.

Hedge Funds Weigh In On Sila Realty Trust

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