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

Sila Realty Trust, Inc. (NYSE:SILA) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 843,799 shares, a decrease of 53.9% from the April 15th total of 1,830,678 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,932,615 shares, the short-interest ratio is currently 0.4 days.

Sila Realty Trust Stock Performance

Sila Realty Trust stock remained flat at $30.56 during midday trading on Friday. The company had a trading volume of 275,298 shares, compared to its average volume of 1,454,201. Sila Realty Trust has a 52-week low of $21.94 and a 52-week high of $30.63. The stock has a market capitalization of $1.69 billion, a PE ratio of 13.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.17. The firm has a fifty day moving average price of $26.54 and a 200-day moving average price of $24.87.

Sila Realty Trust (NYSE:SILA) last issued its earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%.The firm had revenue of $52.67 million for the quarter, compared to analysts’ expectations of $49.77 million. Equities analysts predict that Sila Realty Trust will post 2.24 earnings per share for the current fiscal year.

Sila Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.60 annualized dividend and a dividend yield of 5.2%. Sila Realty Trust’s dividend payout ratio is presently 238.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. BNP Paribas Exane reissued a “neutral” rating and set a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Zacks Research raised Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Wall Street Zen downgraded Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Wells Fargo & Company raised 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. Finally, Freedom Capital downgraded Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SILA. Golden State Wealth Management LLC lifted its stake in shares of Sila Realty Trust by 87.6% in the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of Sila Realty Trust in the fourth quarter worth about $29,000. Basepoint Wealth LLC acquired a new position in shares of Sila Realty Trust in the fourth quarter worth about $30,000. Newbridge Financial Services Group Inc. lifted its stake in shares of 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 in the last quarter. Finally, United Financial Planning Group LLC acquired a new position in shares of Sila Realty Trust in the third quarter worth about $35,000.

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.