Weiss Ratings Reaffirms Hold (C+) Rating for Sila Realty Trust (NYSE:SILA)

Key Points

• Weiss Ratings has reaffirmed a "hold (C+)" rating for Sila Realty Trust (NYSE:SILA) amidst coverage updates from Wells Fargo, which issued an "equal weight" rating with a price objective of $27.00.
• Sila Realty Trust's stock price is currently at $23.94, with a market cap of $1.32 billion and a consensus target price of $27.50 according to MarketBeat.com.
• Various institutional investors have recently modified their holdings, including Wealth Enhancement Advisory Services, which increased its stake by 6.2% during the last quarter.

Sila Realty Trust (NYSE:SILA - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wells Fargo & Company began coverage on shares of Sila Realty Trust in a report on Tuesday, September 23rd. They issued an "equal weight" rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.50.

Sila Realty Trust Stock Up 0.0%

NYSE SILA traded up $0.01 during mid-day trading on Wednesday, reaching $23.94. The stock had a trading volume of 383,479 shares, compared to its average volume of 281,826. Sila Realty Trust has a 1 year low of $22.52 and a 1 year high of $27.50. The stock has a market cap of $1.32 billion and a PE ratio of 34.70. The company has a fifty day moving average price of $25.02 and a 200 day moving average price of $25.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93.

Hedge Funds Weigh In On Sila Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of SILA. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Sila Realty Trust by 6.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,714 shares of the company's stock valued at $601,000 after buying an additional 1,445 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Sila Realty Trust in the 1st quarter worth $277,000. Private Wealth Group LLC purchased a new stake in shares of Sila Realty Trust in the 1st quarter worth $215,000. Tritonpoint Wealth LLC increased its stake in shares of Sila Realty Trust by 9.6% in the 1st quarter. Tritonpoint Wealth LLC now owns 9,207 shares of the company's stock worth $246,000 after purchasing an additional 806 shares in the last quarter. Finally, Wagner Wealth Management LLC purchased a new stake in shares of Sila Realty Trust in the 1st quarter worth $211,000.

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.

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