Sila Realty Trust (NYSE:SILA) Price Target Raised to $28.00 at Truist Financial

Sila Realty Trust (NYSE:SILA) had its price objective increased by analysts at Truist Financial from $27.00 to $28.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 5.44% from the company’s current price.

Sila Realty Trust Price Performance

NYSE SILA opened at $26.56 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50 day simple moving average of $24.77 and a 200 day simple moving average of $24.99. Sila Realty Trust has a 52-week low of $20.20 and a 52-week high of $26.75.

Hedge Funds Weigh In On Sila Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carolina Wealth Advisors LLC acquired a new stake in shares of Sila Realty Trust in the 4th quarter valued at about $26,000. MetLife Investment Management LLC acquired a new position in shares of Sila Realty Trust during the fourth quarter worth about $39,000. Pineridge Advisors LLC grew its holdings in shares of Sila Realty Trust by 244.0% during the fourth quarter. Pineridge Advisors LLC now owns 3,244 shares of the company’s stock worth $79,000 after buying an additional 2,301 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Sila Realty Trust by 507.9% in the 4th 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 last quarter. Finally, Sound Income Strategies LLC lifted its stake in Sila Realty Trust by 16.8% in the 4th quarter. Sound Income Strategies LLC now owns 5,690 shares of the company’s stock valued at $138,000 after acquiring 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.