Sila Realty Trust, Inc. (NYSE:SILA) Short Interest Update

Sila Realty Trust, Inc. (NYSE:SILA) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,170,000 shares, an increase of 24.0% from the October 15th total of 1,750,000 shares. Based on an average daily trading volume, of 746,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 5.2% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Truist Financial assumed coverage on Sila Realty Trust in a research note on Monday, October 7th. They issued a “buy” rating and a $29.00 price target on the stock. Janney Montgomery Scott assumed coverage on Sila Realty Trust in a research note on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price target on the stock.

Institutional Trading of Sila Realty Trust

Institutional investors have recently bought and sold shares of the company. Baldwin Brothers LLC MA acquired a new position in shares of Sila Realty Trust in the second quarter worth $191,000. Lion Street Advisors LLC acquired a new position in shares of Sila Realty Trust in the second quarter worth $239,000. Diversify Advisory Services LLC acquired a new position in shares of Sila Realty Trust in the second quarter worth $923,000. Sound Income Strategies LLC acquired a new position in shares of Sila Realty Trust in the second quarter worth $406,000. Finally, Ignite Planners LLC acquired a new position in shares of Sila Realty Trust in the second quarter worth $249,000.

Sila Realty Trust Stock Up 1.0 %

SILA traded up $0.24 during trading on Friday, reaching $24.42. 603,065 shares of the stock were exchanged, compared to its average volume of 433,832. The stock’s 50 day moving average price is $25.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.24 and a current ratio of 0.78. Sila Realty Trust has a 1 year low of $7.45 and a 1 year high of $26.50.

Sila Realty Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.1333 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.55%.

Sila Realty Trust Company Profile

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.