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

Sila Realty Trust, Inc. (NYSE:SILA - Get Free Report) 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 company's stock are short sold. Based on an average trading volume of 746,000 shares, the short-interest ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

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

Sila Realty Trust Trading Up 1.0 %

SILA traded up $0.23 on Friday, hitting $24.41. 603,065 shares of the stock traded hands, compared to its average volume of 578,689. The business has a fifty day moving average of $25.25. The company has a quick ratio of 2.24, a current 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 Dividend Announcement

The business also recently declared 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 6.55%. The ex-dividend date of this dividend is Friday, November 29th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Baldwin Brothers LLC MA acquired a new position in shares of Sila Realty Trust during the second quarter worth approximately $191,000. Lion Street Advisors LLC bought a new stake in shares of Sila Realty Trust in the 2nd quarter valued at $239,000. Diversify Advisory Services LLC acquired a new stake in Sila Realty Trust during the 2nd quarter worth $923,000. Sound Income Strategies LLC bought a new position in shares of Sila Realty Trust during the 2nd quarter valued at about $406,000. Finally, Ignite Planners LLC acquired a new position in shares of Sila Realty Trust in the 2nd quarter valued at approximately $249,000.

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.