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Sila Realty Trust initiated with an Equal Weight at Wells Fargo

Wells Fargo initiated coverage of Sila Realty Trust (SILA) with an Equal Weight rating and $27 price target The company offers better than peer average growth, but this is partially offset by uncertainty around its pipeline and expected credit performance, the analyst tells investors in a research note. The firm says Sila is a net lease real estate investment trust focused on healthcare real estate. It sees a slower transaction market in the company’s target asset classes.

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