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

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

Institutional Trading of Sila Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sila Realty Trust by 133,106.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,817,893 shares of the company’s stock worth $182,235,000 after purchasing an additional 7,812,024 shares in the last quarter. Millennium Management LLC raised its stake in shares of Sila Realty Trust by 114.4% during the first quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock valued at $16,216,000 after purchasing an additional 323,917 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Sila Realty Trust by 25,141.8% during the first quarter. Jane Street Group LLC now owns 224,904 shares of the company’s stock valued at $6,007,000 after purchasing an additional 224,013 shares in the last quarter. Invesco Ltd. lifted its holdings in Sila Realty Trust by 111.9% in the fourth quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock worth $9,735,000 after purchasing an additional 220,543 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Sila Realty Trust by 33.5% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 771,571 shares of the company’s stock worth $17,985,000 after purchasing an additional 193,466 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SILA. Wall Street Zen cut Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. BNP Paribas Exane reiterated a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Truist Financial set a $30.00 target price on shares of Sila Realty Trust in a report on Thursday, June 25th. Wells Fargo & Company raised their price target on shares of 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, Weiss Ratings raised shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.50.

Sila Realty Trust Price Performance

Sila Realty Trust stock remained flat at $30.36 during midday trading on Tuesday. Sila Realty Trust has a 52-week low of $21.94 and a 52-week high of $30.63. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.68 billion, a PE ratio of 45.31 and a beta of 0.94. The firm has a fifty day simple moving average of $30.35 and a 200-day simple moving average of $26.93.

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

Sila Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is 238.81%.

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.