Sila Realty Trust (NYSE:SILA) Sees Unusually-High Trading Volume – Time to Buy?

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

Several research analysts recently weighed in on the stock. Janney Montgomery Scott started coverage on shares of Sila Realty Trust in a research report on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price objective for the company. Truist Financial dropped their target price on Sila Realty Trust from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th.

Sila Realty Trust Stock Performance

The stock has a 50-day moving average of $25.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78.

Sila Realty Trust Dividend Announcement

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

Institutional Trading of Sila Realty Trust

A number of large investors have recently added to or reduced their stakes in SILA. EverSource Wealth Advisors LLC acquired a new stake in shares of Sila Realty Trust in the second quarter valued at approximately $26,000. Oakworth Capital Inc. acquired a new position in shares of Sila Realty Trust in the third quarter valued at $35,000. Cullen Frost Bankers Inc. bought a new position in shares of Sila Realty Trust in the second quarter valued at about $49,000. Anchor Investment Management LLC bought a new position in shares of Sila Realty Trust in the second quarter valued at about $60,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sila Realty Trust during the 2nd quarter worth about $67,000.

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.