Sila Realty Trust (NYSE:SILA) Sees Unusually-High Trading Volume – Here’s What Happened

Sila Realty Trust, Inc. (NYSE:SILA) saw unusually-high trading volume on Tuesday . Approximately 278,811 shares changed hands during trading, an increase of 68% from the previous session’s volume of 165,773 shares.The stock last traded at $23.28 and had previously closed at $23.68.

Analyst Ratings Changes

SILA has been the subject of several research reports. Truist Financial cut their target price on Sila Realty Trust from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Janney Montgomery Scott started coverage on shares of Sila Realty Trust in a research note on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price objective for the company.

Sila Realty Trust Trading Down 0.8 %

The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $24.90.

Sila Realty Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.1333 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.93%. The ex-dividend date was Friday, November 29th.

Institutional Trading of Sila Realty Trust

A number of institutional investors have recently modified their holdings of the company. Axxcess Wealth Management LLC increased its position in Sila Realty Trust by 7.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 12,180 shares of the company’s stock valued at $308,000 after purchasing an additional 800 shares during the period. Captrust Financial Advisors lifted its holdings in Sila Realty Trust by 4.7% in the third quarter. Captrust Financial Advisors now owns 19,083 shares of the company’s stock worth $483,000 after buying an additional 852 shares during the period. EverSource Wealth Advisors LLC bought a new stake in Sila Realty Trust during the 2nd quarter valued at approximately $26,000. Oakworth Capital Inc. purchased a new position in shares of Sila Realty Trust during the 3rd quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Sila Realty Trust in the 2nd quarter worth approximately $49,000.

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.