Sila Realty Trust (NYSE:SILA) Reaches New 1-Year High – Still a Buy?

Sila Realty Trust, Inc. (NYSE:SILA) shares 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 trading hands. The stock had previously closed at $26.47.

Analysts Set New Price Targets

Separately, Truist Financial boosted their target price 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 Trading Up 2.0 %

The firm has a 50 day moving average price of $25.27 and a 200-day moving average price of $25.09. 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 Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 12th.

Institutional Investors Weigh In On Sila Realty Trust

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

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.