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

Sila Realty Trust, Inc. (NYSE:SILA) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 2,310,000 shares, a decline of 22.0% from the November 30th total of 2,960,000 shares. Based on an average trading volume of 490,200 shares, the short-interest ratio is currently 4.7 days. Approximately 4.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SILA shares. Janney Montgomery Scott started coverage on Sila Realty Trust in a research note on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price target for the company. Truist Financial lowered their target price on shares of Sila Realty Trust from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th.

Institutional Investors Weigh In On Sila Realty Trust

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted 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 purchasing an additional 30,533 shares during the period. Sanctuary Advisors LLC bought a new position in Sila Realty Trust in the third quarter worth approximately $646,000. Fulcrum Equity Management boosted its stake in shares of Sila Realty Trust by 15.3% during the 3rd quarter. Fulcrum Equity Management now owns 33,243 shares of the company’s stock worth $841,000 after acquiring an additional 4,418 shares during the last quarter. Barclays PLC bought a new stake in shares of Sila Realty Trust during the 3rd quarter valued at $592,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Sila Realty Trust in the 3rd quarter worth $14,599,000.

Sila Realty Trust Price Performance

NYSE SILA opened at $24.08 on Friday. Sila Realty Trust has a 1-year low of $7.45 and a 1-year 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. The company’s fifty day moving average price is $25.18.

Sila Realty Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.1333 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 6.64%.

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.