Janney starts ‘undervalued and underfollowed’ Sila Realty Trust with a Buy

As previously reported, Janney Montgomery Scott analyst Robert Stevenson initiated coverage of Sila Realty Trust with a Buy rating and $28 fair value estimate. Sila Realty Trust, a REIT headquartered in Florida that owns, acquires, and operates medical office, inpatient rehabilitation, and surgical/specialty facilities located primarily in the Southeast and Southwest U.S., is “an undervalued and underfollowed play” in the broader medical office building healthcare REIT space, the analyst tells investors. The firm believes the REIT’s strong balance sheet and quality management team will deliver above-average growth over the next few years, the analyst added.