Short Interest in Sila Realty Trust, Inc. (NYSE:SILA) Decreases By 22.0%

Sila Realty Trust, Inc. (NYSE:SILA - Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,310,000 shares, a decrease of 22.0% from the November 30th total of 2,960,000 shares. Based on an average daily trading volume, of 490,200 shares, the short-interest ratio is currently 4.7 days. Approximately 4.2% of the company's stock are short sold.

Sila Realty Trust Trading Down 0.8 %

SILA stock traded down $0.20 during midday trading on Friday, hitting $24.08. 263,324 shares of the company traded hands, compared to its average volume of 569,164. Sila Realty Trust has a twelve month low of $7.45 and a twelve month 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. The firm's 50 day simple moving average is $25.18.

Sila Realty Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.1333 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.64%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Axxcess Wealth Management LLC increased its position in Sila Realty Trust by 7.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 12,180 shares of the company's stock worth $308,000 after buying an additional 800 shares during the period. Captrust Financial Advisors raised its stake in Sila Realty Trust by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 19,083 shares of the company's stock valued at $483,000 after purchasing an additional 852 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in Sila Realty Trust during the 2nd quarter valued at $26,000. Oakworth Capital Inc. bought a new stake in Sila Realty Trust in the 3rd quarter valued at $35,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Sila Realty Trust in the 2nd quarter worth $49,000.

Analyst Upgrades and Downgrades

Several research firms have commented on SILA. Janney Montgomery Scott began 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 lowered their target price on shares of Sila Realty Trust from $29.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, December 18th.

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.