Sila Realty Trust, Inc. (NYSE:SILA) Short Interest Up 24.0% in October

Sila Realty Trust, Inc. (NYSE:SILA) was the target of a large increase in short interest during the month of 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. Currently, 5.2% of the shares of the stock are sold short. Based on an average trading volume of 746,000 shares, the short-interest ratio is currently 2.9 days.

Sila Realty Trust Stock Up 0.4 %

SILA traded up $0.09 during midday trading on Friday, hitting $24.27. 204,945 shares of the company were exchanged, compared to its average volume of 575,980. The business has a 50 day moving average price of $25.25. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35. 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 firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.1333 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.60 annualized dividend and a yield of 6.59%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SILA. Truist Financial initiated coverage on Sila Realty Trust in a research report on Monday, October 7th. They issued a “buy” rating and a $29.00 target price on the stock. Janney Montgomery Scott began coverage on Sila Realty Trust in a report on Thursday, October 3rd. They set a “buy” rating and a $28.00 price objective for the company.

Hedge Funds Weigh In On Sila Realty Trust

Several large investors have recently bought and sold shares of the stock. Long Pond Capital LP purchased a new position in shares of Sila Realty Trust in the 2nd quarter worth about $49,981,000. Millennium Management LLC bought a new position in shares of Sila Realty Trust during the 2nd quarter valued at approximately $16,010,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Sila Realty Trust during the 2nd quarter worth approximately $15,534,000. Cetera Investment Advisers bought a new stake in shares of Sila Realty Trust in the 2nd quarter worth approximately $7,547,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Sila Realty Trust in the third quarter valued at approximately $8,100,000.

About Sila Realty Trust

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.