Sila Realty Trust, Inc. (NYSE:SILA) Sees Significant Decline in Short Interest

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

Analyst Upgrades and Downgrades

SILA has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Zacks Research upgraded Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings upgraded Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Freedom Capital downgraded Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane reiterated a “neutral” rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Sila Realty Trust Price Performance

NYSE SILA remained flat at $30.56 during trading hours on Friday. 275,298 shares of the company traded hands, compared to its average volume of 1,456,701. The stock has a fifty day moving average of $26.54 and a two-hundred day moving average of $24.87. Sila Realty Trust has a fifty-two week low of $21.94 and a fifty-two week high of $30.63. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 45.61 and a beta of 1.01. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.52.

Sila Realty Trust (NYSE:SILA) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. The business had revenue of $52.67 million for the quarter, compared to analyst estimates of $49.77 million. On average, analysts predict that Sila Realty Trust will post 2.24 earnings per share for the current year.

Sila Realty Trust Dividend Announcement

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

Hedge Funds Weigh In On Sila Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC lifted its stake in 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 valued at $25,000 after buying an additional 500 shares during the period. Entrust Financial LLC acquired a new position in Sila Realty Trust in the fourth quarter valued at about $29,000. Newbridge Financial Services Group Inc. lifted its stake in 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 buying an additional 585 shares during the period. Basepoint Wealth LLC acquired a new position in Sila Realty Trust in the fourth quarter valued at about $30,000. Finally, United Financial Planning Group LLC acquired a new position in Sila Realty Trust in the third quarter valued at about $35,000.

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.