Sila Realty Trust, Inc. (NYSE:SILA) Short Interest Update

Sila Realty Trust, Inc. (NYSE:SILA) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,960,000 shares, an increase of 56.6% from the November 15th total of 1,890,000 shares. Based on an average trading volume of 677,600 shares, the days-to-cover ratio is currently 4.4 days. Approximately 7.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Sila Realty Trust Trading Up 0.9 %

SILA traded up $0.23 during midday trading on Friday, hitting $25.38. The company had a trading volume of 370,116 shares, compared to its average volume of 576,199. The stock’s 50 day simple moving average is $25.37. Sila Realty Trust has a 52 week low of $7.45 and a 52 week high of $26.75. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.37.

Sila Realty Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.1333 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.30%.

Hedge Funds Weigh In On Sila Realty Trust

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

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.