Sila Realty Trust, Inc. (NYSE:SILA) Short Interest Up 984.6% in September

Sila Realty Trust, Inc. (NYSE:SILA - Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,590,000 shares, an increase of 984.6% from the September 15th total of 146,600 shares. Currently, 3.8% of the company's stock are short sold. Based on an average daily volume of 861,200 shares, the short-interest ratio is presently 1.8 days.

Sila Realty Trust Price Performance

Shares of NYSE SILA traded up $0.15 during trading hours on Thursday, reaching $24.90. 567,895 shares of the stock were exchanged, compared to its average volume of 612,862. The company's fifty day simple moving average is $24.18. 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 52 week low of $7.45 and a 52 week high of $26.50.

Sila Realty Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.1333 per share. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.42%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SILA. Janney Montgomery Scott assumed coverage on shares of Sila Realty Trust in a research report on Thursday, October 3rd. They issued a "buy" rating and a $28.00 target price for the company. Truist Financial started coverage on Sila Realty Trust in a report on Monday. They issued a "buy" rating and a $29.00 price objective for the company. Finally, BNP Paribas assumed coverage on Sila Realty Trust in a research report on Tuesday, June 25th. They set an "outperform" rating and a $30.00 price target for the company.

Institutional Investors Weigh In On Sila Realty Trust

A number of large investors have recently added to or reduced their stakes in the stock. Marcum Wealth LLC acquired a new stake in Sila Realty Trust during the third quarter worth about $291,000. CWM LLC bought a new stake in shares of Sila Realty Trust during the 3rd quarter worth approximately $425,000. Brookstone Capital Management boosted its position in shares of Sila Realty Trust by 21.3% during the 3rd quarter. Brookstone Capital Management now owns 14,848 shares of the company's stock worth $376,000 after acquiring an additional 2,604 shares in the last quarter. SG Americas Securities LLC bought a new position in Sila Realty Trust in the third quarter valued at approximately $112,000. Finally, Centaurus Financial Inc. acquired a new position in Sila Realty Trust during the second quarter valued at approximately $607,000.

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.

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