Sila Realty Trust, Inc. (NYSE:SILA) Short Interest Up 24.0% in October

Sila Realty Trust, Inc. (NYSE:SILA) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,170,000 shares, a growth of 24.0% from the October 15th total of 1,750,000 shares. Based on an average trading volume of 746,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 5.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Sila Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hilltop Holdings Inc. bought a new position in shares of Sila Realty Trust in the 3rd quarter worth approximately $241,000. Verition Fund Management LLC bought a new stake in shares of Sila Realty Trust during the 3rd quarter valued at $958,000. Captrust Financial Advisors grew its position in shares of Sila Realty Trust by 4.7% in the 3rd quarter. Captrust Financial Advisors now owns 19,083 shares of the company’s stock worth $483,000 after buying an additional 852 shares during the period. Waterfront Capital Partners LLC bought a new position in shares of Sila Realty Trust in the 3rd quarter worth about $1,606,000. Finally, HGI Capital Management LLC purchased a new position in Sila Realty Trust during the 3rd quarter valued at about $5,034,000.

Sila Realty Trust Stock Performance

Shares of NYSE:SILA traded up $0.09 during trading on Friday, reaching $24.27. 204,945 shares of the company traded hands, compared to its average volume of 575,980. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.24. Sila Realty Trust has a 52-week low of $7.45 and a 52-week high of $26.50. The firm’s fifty day simple moving average is $25.25.

Sila Realty Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.1333 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Thursday, October 31st.

Analyst Ratings Changes

Several brokerages have recently weighed in on SILA. Janney Montgomery Scott started coverage on Sila Realty Trust in a research report on Thursday, October 3rd. They set a “buy” rating and a $28.00 price target on the stock. Truist Financial began coverage on shares of Sila Realty Trust in a research report on Monday, October 7th. They set a “buy” rating and a $29.00 price objective on the stock.

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.