Sila Realty Trust, Inc. (NYSE:SILA) Short Interest Up 984.6% in September

Sila Realty Trust, Inc. (NYSE:SILA) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,590,000 shares, an increase of 984.6% from the September 15th total of 146,600 shares. Based on an average trading volume of 861,200 shares, the short-interest ratio is currently 1.8 days. Currently, 3.8% of the shares of the stock are short sold.

Institutional Trading of Sila Realty Trust

Institutional investors have recently modified their holdings of the business. Baldwin Brothers LLC MA acquired a new position in shares of Sila Realty Trust in the second quarter worth approximately $191,000. Lion Street Advisors LLC acquired a new position in shares of Sila Realty Trust during the 2nd quarter valued at $239,000. Diversify Advisory Services LLC bought a new position in Sila Realty Trust during the second quarter worth $923,000. Sound Income Strategies LLC acquired a new stake in Sila Realty Trust in the second quarter worth $406,000. Finally, Ignite Planners LLC bought a new stake in Sila Realty Trust in the second quarter valued at $249,000.

Sila Realty Trust Stock Up 0.6 %

NYSE SILA traded up $0.15 during trading hours on Thursday, reaching $24.90. The company’s stock had a trading volume of 567,895 shares, compared to its average volume of 612,862. The company’s fifty day simple moving average is $24.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.24 and a quick ratio of 2.24. Sila Realty Trust has a 52 week low of $7.45 and a 52 week high of $26.50.

Sila Realty Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.1333 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.42%. The ex-dividend date is Monday, September 30th.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SILA. 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. BNP Paribas began coverage on shares of Sila Realty Trust in a research note on Tuesday, June 25th. They set an “outperform” rating and a $30.00 target price on the stock. Finally, Truist Financial started coverage on Sila Realty Trust in a research note on Monday. They issued a “buy” rating and a $29.00 price target for the company.

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.