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

Sila Realty Trust, Inc. (NYSE:SILA) shares saw unusually-high trading volume on Tuesday . Approximately 278,811 shares traded hands during mid-day 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.

Analysts Set New Price Targets

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

Sila Realty Trust Price Performance

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 company’s 50 day moving average is $25.00.

Sila Realty Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.1333 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.87%.

Hedge Funds Weigh In On Sila Realty Trust

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Sila Realty Trust by 510.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,509 shares of the company’s stock valued at $923,000 after purchasing an additional 30,533 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Sila Realty Trust during the third quarter worth about $646,000. Fulcrum Equity Management lifted its holdings in shares of Sila Realty Trust by 15.3% in the third quarter. Fulcrum Equity Management now owns 33,243 shares of the company’s stock worth $841,000 after acquiring an additional 4,418 shares during the last quarter. Barclays PLC acquired a new stake in shares of Sila Realty Trust in the 3rd quarter valued at approximately $592,000. Finally, Geode Capital Management LLC bought a new stake in shares of Sila Realty Trust during the 3rd quarter valued at approximately $14,599,000.

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.