Sila Realty Trust, Inc. (NYSE:SILA) Sees Significant Increase in Short Interest

Sila Realty Trust, Inc. (NYSE:SILA - Get Free Report) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 2,960,000 shares, a growth of 56.6% from the November 15th total of 1,890,000 shares. Approximately 7.0% of the shares of the company are sold short. Based on an average daily trading volume, of 677,600 shares, the days-to-cover ratio is currently 4.4 days.

Sila Realty Trust Trading Up 0.9 %

Shares of SILA stock traded up $0.23 during trading hours on Friday, reaching $25.38. The company's stock had a trading volume of 370,116 shares, compared to its average volume of 576,199. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.78 and a current ratio of 0.78. Sila Realty Trust has a fifty-two week low of $7.45 and a fifty-two week high of $26.75. The company's 50 day moving average is $25.37.

Sila Realty Trust Dividend Announcement

The firm 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 $0.1333 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date is Friday, November 29th.

Analyst Ratings Changes

A number of equities analysts recently commented on SILA shares. Janney Montgomery Scott assumed coverage on shares of Sila Realty Trust in a research report on Thursday, October 3rd. They set a "buy" rating and a $28.00 price target on the stock. Truist Financial started coverage on shares of Sila Realty Trust in a research report on Monday, October 7th. They issued a "buy" rating and a $29.00 price target for the company.

Institutional Investors Weigh In On Sila Realty Trust

Hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of Sila Realty Trust during the second quarter worth $238,000. Wealth Enhancement Advisory Services LLC bought a new position in Sila Realty Trust in the second quarter valued at about $491,000. Brookstone Capital Management bought a new position in Sila Realty Trust in the second quarter valued at about $278,000. Insight Wealth Partners LLC acquired a new stake in shares of Sila Realty Trust during the second quarter valued at about $993,000. Finally, Gradient Investments LLC acquired a new position in shares of Sila Realty Trust in the second quarter valued at approximately $70,000.

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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