Sila Realty Trust (NYSE:SILA) Earns Buy Rating from Analysts at Janney Montgomery Scott

Janney Montgomery Scott initiated coverage on shares of Sila Realty Trust (NYSE:SILA) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $28.00 price target on the stock.

Separately, BNP Paribas began coverage on Sila Realty Trust in a report on Tuesday, June 25th. They issued an outperform rating and a $30.00 price objective on the stock.

Sila Realty Trust Trading Down 1.5 %

Shares of NYSE:SILA opened at $25.15 on Thursday. Sila Realty Trust has a 1 year low of $7.45 and a 1 year high of $26.50. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average price is $24.11.

Sila Realty Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.1333 per share. The ex-dividend date is Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 6.36%.

Institutional Trading of Sila Realty Trust

Several large investors have recently made changes to their positions in SILA. GoalVest Advisory LLC bought a new position in shares of Sila Realty Trust in the 2nd quarter valued at approximately $25,000. Global Financial Private Client LLC acquired a new position in Sila Realty Trust during the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC acquired a new position in Sila Realty Trust during the second quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Sila Realty Trust in the second quarter valued at approximately $27,000. Finally, LRI Investments LLC acquired a new stake in shares of Sila Realty Trust in the second quarter worth $30,000.

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.