Wolfe Research Begins Coverage on Sila Realty Trust (NYSE:SILA)

Key Points

• Sila Realty Trust has been upgraded to a "hold" rating by Wolfe Research as of Monday, reflecting a cautious outlook on the stock.
• The average target price for Sila Realty Trust stock is currently $27.33, with a range of ratings including one Buy and three Hold ratings from analysts.
• The stock opened at $23.85 and has a market cap of $1.32 billion, indicating a relatively stable position in the market.

Research analysts at Wolfe Research started coverage on shares of Sila Realty Trust (NYSE:SILA - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set a "hold" rating and a $27.00 price target on the stock. Wolfe Research's price objective indicates a potential upside of 13.02% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on SILA. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sila Realty Trust in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Sila Realty Trust in a research note on Tuesday, September 23rd. They issued an "equal weight" rating and a $27.00 price objective for the company. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $27.33.

Sila Realty Trust Trading Up 0.5%

Shares of Sila Realty Trust stock traded up $0.13 during trading on Monday, reaching $23.89. The company's stock had a trading volume of 12,889 shares, compared to its average volume of 396,989. Sila Realty Trust has a 52-week low of $22.52 and a 52-week high of $27.50. The company has a market cap of $1.32 billion and a price-to-earnings ratio of 34.61. The firm's 50-day moving average is $24.77 and its two-hundred day moving average is $24.89. 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

Large investors have recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in Sila Realty Trust in the 1st quarter worth $442,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sila Realty Trust in the 1st quarter worth $39,000. Charles Schwab Investment Management Inc. grew its holdings in Sila Realty Trust by 6.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 678,529 shares of the company's stock worth $18,124,000 after acquiring an additional 39,523 shares during the last quarter. Vanguard Group Inc. grew its holdings in Sila Realty Trust by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,187,078 shares of the company's stock worth $138,547,000 after acquiring an additional 53,905 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in Sila Realty Trust in the 1st quarter worth $545,000.

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.