Sila Realty Trust, Inc. (NYSE:SILA) Sees Large Decline in Short Interest

Sila Realty Trust, Inc. (NYSE:SILA) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,310,000 shares, a drop of 22.0% from the November 30th total of 2,960,000 shares. Based on an average trading volume of 490,200 shares, the days-to-cover ratio is currently 4.7 days. Currently, 4.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Sila Realty Trust Stock Down 0.1 %

SILA traded down $0.02 during trading on Monday, reaching $24.06. The company had a trading volume of 282,588 shares, compared to its average volume of 567,535. The business’s 50 day moving average is $25.14. Sila Realty Trust has a 52 week low of $7.45 and a 52 week high of $26.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37.

Sila Realty Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.1333 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend was Friday, November 29th.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SILA. Truist Financial lowered their target price on Sila Realty Trust from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Janney Montgomery Scott started coverage on Sila Realty Trust in a report on Thursday, October 3rd. They set a “buy” rating and a $28.00 target price on the stock.

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.