Sila Realty Trust (NYSE:SILA) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Sila Realty Trust has been assigned a "hold (C+)" rating by Weiss Ratings, indicating a cautious outlook on the stock.
• The current average price target for SILA shares stands at $27.33, with several analysts rating it as "hold" and one analyst giving it a "buy" rating.
• Recent institutional investments show increased confidence, as firms like Geode Capital Management and Millennium Management have significantly boosted their stakes in Sila Realty Trust.

Sila Realty Trust (NYSE:SILA - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a report released on Friday,Weiss Ratings reports.

SILA has been the topic of a number of other reports. Wells Fargo & Company initiated coverage on shares of Sila Realty Trust in a research report on Tuesday, September 23rd. They set an "equal weight" rating and a $27.00 target price on the stock. Wolfe Research initiated coverage on shares of Sila Realty Trust in a research report on Monday. They set a "peer perform" rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $27.33.

Sila Realty Trust Stock Performance

Shares of NYSE:SILA opened at $23.78 on Friday. The firm has a market cap of $1.31 billion and a PE ratio of 34.46. The firm's 50 day simple moving average is $24.73 and its 200-day simple moving average is $24.87. Sila Realty Trust has a one year low of $22.52 and a one year high of $27.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 0.93.

Hedge Funds Weigh In On Sila Realty Trust

Several institutional investors have recently bought and sold shares of SILA. Geode Capital Management LLC increased its holdings in Sila Realty Trust by 105.8% during the second quarter. Geode Capital Management LLC now owns 1,448,549 shares of the company's stock valued at $34,290,000 after buying an additional 744,577 shares during the period. Millennium Management LLC boosted its stake in Sila Realty Trust by 114.4% in the first quarter. Millennium Management LLC now owns 607,111 shares of the company's stock valued at $16,216,000 after acquiring an additional 323,917 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in Sila Realty Trust in the second quarter valued at approximately $7,662,000. Jane Street Group LLC boosted its stake in Sila Realty Trust by 25,141.8% in the first quarter. Jane Street Group LLC now owns 224,904 shares of the company's stock valued at $6,007,000 after acquiring an additional 224,013 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in Sila Realty Trust by 8.7% in the second quarter. Frontier Capital Management Co. LLC now owns 2,531,194 shares of the company's stock valued at $59,913,000 after acquiring an additional 202,976 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.