Sila Realty Trust initiated with a Buy at Truist

Truist analyst Michael Lewis initiated coverage of Sila Realty Trust with a Buy rating and $29 price target Sila is an internally managed real estate investment trust that acquires, owns and operates a diversified portfolio of triple-net leased healthcare properties, the analyst tells investors in a research note. The firm thinks the company’s “high-quality” portfolio, external growth profile, “strong” balance sheet and discounted stock valuation should provide investors an attractive risk-adjusted return over the next 12 months.