Sila Realty Trust (NYSE:SILA) Coverage Initiated at Wells Fargo & Company

Key Points

• Wells Fargo & Company has initiated coverage on Sila Realty Trust (NYSE:SILA) with an "equal weight" rating and a price target of $27.00, indicating a potential upside of 5.33% from its previous close.
• Sila Realty Trust's stock opened at $25.63 with a market capitalization of $1.41 billion, reflecting a PE ratio of 37.15 and a stable debt-to-equity ratio of 0.43.
• Several institutional investors have recently increased or established stakes in Sila Realty Trust, indicating growing interest in the company's shares.

Stock analysts at Wells Fargo & Company started coverage on shares of Sila Realty Trust (NYSE:SILA - Get Free Report) in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm set an "equal weight" rating and a $27.00 price target on the stock. Wells Fargo & Company's price objective indicates a potential upside of 5.33% from the company's previous close.

Sila Realty Trust Price Performance

Shares of NYSE:SILA opened at $25.63 on Tuesday. Sila Realty Trust has a twelve month low of $22.52 and a twelve month high of $27.50. The stock has a market capitalization of $1.41 billion, a PE ratio of 37.15 and a beta of 0.01. The firm's 50 day moving average price is $25.08 and its 200-day moving average price is $25.14. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On Sila Realty Trust

A number of institutional investors have recently added to or reduced their stakes in SILA. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Sila Realty Trust in the second quarter valued at $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sila Realty Trust during the first quarter worth $39,000. Amalgamated Bank purchased a new position in Sila Realty Trust in the 2nd quarter worth about $45,000. Asset Dedication LLC increased its stake in Sila Realty Trust by 398.6% in the 1st quarter. Asset Dedication LLC now owns 1,750 shares of the company's stock worth $47,000 after buying an additional 1,399 shares during the period. Finally, Avalon Trust Co purchased a new position in Sila Realty Trust in the 1st quarter worth about $47,000.

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.

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