Short Interest in Sila Realty Trust, Inc. (NYSE:SILA) Decreases By 64.2%

Sila Realty Trust, Inc. (NYSE:SILA) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 234,265 shares, a drop of 64.2% from the June 15th total of 655,241 shares. Based on an average daily volume of 1,467,167 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Sila Realty Trust

Several institutional investors have recently made changes to their positions in SILA. Golden State Wealth Management LLC grew its position in Sila Realty Trust by 87.6% during the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. Entrust Financial LLC bought a new position in Sila Realty Trust in the fourth quarter worth approximately $29,000. Basepoint Wealth LLC bought a new position in Sila Realty Trust in the fourth quarter worth approximately $30,000. Newbridge Financial Services Group Inc. raised its position in Sila Realty Trust by 90.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after acquiring an additional 585 shares during the period. Finally, Aew Capital Management L P purchased a new position in shares of Sila Realty Trust during the 4th quarter worth $42,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SILA shares. Wells Fargo & Company boosted their price target on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Truist Financial set a $30.00 price objective on Sila Realty Trust in a research report on Thursday, June 25th. Freedom Capital cut Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings raised Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, BNP Paribas Exane reissued a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.50.

Sila Realty Trust Price Performance

Shares of SILA opened at $30.36 on Monday. Sila Realty Trust has a twelve month low of $21.94 and a twelve month high of $30.63. The company has a market capitalization of $1.68 billion, a P/E ratio of 45.31 and a beta of 0.94. The firm has a 50 day moving average of $30.36 and a 200 day moving average of $26.83. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.52.

Sila Realty Trust (NYSE:SILA) last issued its earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $52.66 million for the quarter, compared to the consensus estimate of $49.77 million. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%. As a group, equities research analysts anticipate that Sila Realty Trust will post 2.3 earnings per share for the current fiscal year.

Sila Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is 238.81%.

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. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.