Sila Realty Trust, Inc. (NYSE:SILA) Short Interest Down 64.2% in June

Sila Realty Trust, Inc. (NYSE:SILA) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 234,265 shares, a drop of 64.2% from the June 15th total of 655,241 shares. Based on an average trading volume of 1,467,167 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

SILA has been the subject of a number of recent analyst reports. BNP Paribas Exane reaffirmed a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Truist Financial set a $30.00 price objective on shares of Sila Realty Trust in a research note on Thursday, June 25th. Wall Street Zen downgraded shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Freedom Capital lowered shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.50.

Sila Realty Trust Stock Performance

SILA remained flat at $30.36 during midday trading on Wednesday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 45.31 and a beta of 0.94. The stock has a fifty day simple moving average of $30.35 and a two-hundred day simple moving average of $26.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27. Sila Realty Trust has a one year low of $21.94 and a one year high of $30.63.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $52.66 million during the quarter, compared to analyst estimates of $49.77 million. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%. As a group, analysts expect that Sila Realty Trust will post 2.3 earnings per share for the current year.

Sila Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.3%. The ex-dividend date was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio (DPR) is currently 238.81%.

Institutional Investors Weigh In On Sila Realty Trust

Several hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC raised its holdings in Sila Realty Trust by 87.6% in the 4th quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. Entrust Financial LLC bought a new stake in shares of Sila Realty Trust during the fourth quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. raised 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 valued at $31,000 after purchasing an additional 585 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Sila Realty Trust in the fourth quarter valued at $30,000. Finally, Aew Capital Management L P bought a new position in Sila Realty Trust in the fourth quarter worth $42,000.

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. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.