Sila Realty Trust (NYSE:SILA) Trading 1.4% Higher – What’s Next?

Sila Realty Trust, Inc. (NYSE:SILA)’s share price traded up 1.4% on Friday . The company traded as high as $26.71 and last traded at $27.39. 16,738 shares traded 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 objective on Sila Realty Trust from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, March 17th.

Sila Realty Trust Stock Performance

The company’s 50-day moving average is $25.42 and its 200-day moving average is $25.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78.

Sila Realty Trust Announces Dividend

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

Institutional Trading of Sila Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Carolina Wealth Advisors LLC acquired a new stake in Sila Realty Trust during the fourth quarter worth about $26,000. MetLife Investment Management LLC purchased a new stake in shares of Sila Realty Trust during the 4th quarter worth about $39,000. Pineridge Advisors LLC increased its position in Sila Realty Trust by 244.0% during the 4th quarter. Pineridge Advisors LLC now owns 3,244 shares of the company’s stock worth $79,000 after purchasing an additional 2,301 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Sila Realty Trust by 507.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,465 shares of the company’s stock valued at $84,000 after buying an additional 2,895 shares during the period. Finally, Sound Income Strategies LLC lifted its position in Sila Realty Trust by 16.8% during the fourth quarter. Sound Income Strategies LLC now owns 5,690 shares of the company’s stock valued at $138,000 after buying an additional 817 shares in the last quarter.

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.