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

Sila Realty Trust, Inc. (NYSE:SILA) saw 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. Approximately 5.2% of the company’s 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 Price Performance

Shares of NYSE:SILA traded up $0.24 during trading on Friday, hitting $24.42. The company’s stock had a trading volume of 603,065 shares, compared to its average volume of 433,832. Sila Realty Trust has a 12 month low of $7.45 and a 12 month high of $26.50. The company has a quick ratio of 2.24, a current ratio of 0.78 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $25.23.

Sila Realty Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.1333 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.55%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Sila Realty Trust

A number of hedge funds have recently modified their holdings of the company. Long Pond Capital LP bought a new stake in Sila Realty Trust during the second quarter valued at about $49,981,000. State Street Corp bought a new position in Sila Realty Trust in the 3rd quarter worth approximately $22,303,000. Millennium Management LLC purchased a new stake in Sila Realty Trust during the 2nd quarter valued at approximately $16,010,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Sila Realty Trust during the second quarter valued at approximately $15,534,000. Finally, Geode Capital Management LLC bought a new stake in shares of Sila Realty Trust during the third quarter valued at approximately $14,599,000.

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.