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

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

Analyst Ratings Changes

Several equities research analysts recently commented on SILA shares. Janney Montgomery Scott began coverage on shares of Sila Realty Trust in a research report on Thursday, October 3rd. They set a “buy” rating and a $28.00 target price on the stock. Truist Financial cut their price target on shares of Sila Realty Trust from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th.

Sila Realty Trust Price Performance

Shares of SILA traded down $0.20 during trading hours on Friday, reaching $24.08. The stock had a trading volume of 263,324 shares, compared to its average volume of 569,164. The stock’s 50-day moving average is $25.18. Sila Realty Trust has a 12 month low of $7.45 and a 12 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.

Sila Realty Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.1333 per share. The ex-dividend date 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 hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Sila Realty Trust by 510.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,509 shares of the company’s stock worth $923,000 after acquiring an additional 30,533 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Sila Realty Trust during the third quarter worth about $646,000. Fulcrum Equity Management grew its position in Sila Realty Trust by 15.3% in the 3rd quarter. Fulcrum Equity Management now owns 33,243 shares of the company’s stock worth $841,000 after purchasing an additional 4,418 shares in the last quarter. Barclays PLC purchased a new stake in Sila Realty Trust in the 3rd quarter valued at about $592,000. Finally, Geode Capital Management LLC bought a new position in shares of Sila Realty Trust during the 3rd quarter worth 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.