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

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

Analysts Set New Price Targets

SILA has been the topic of a number of recent analyst reports. 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 report on Tuesday, April 21st. Wall Street Zen downgraded shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. BNP Paribas Exane reissued a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Finally, Freedom Capital downgraded Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.50.

Institutional Investors Weigh In On Sila Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in 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 grew its position in shares of Sila Realty Trust by 114.4% in the 1st quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock worth $16,216,000 after buying an additional 323,917 shares during the period. Jane Street Group LLC grew its position in shares of Sila Realty Trust by 25,141.8% in the 1st quarter. Jane Street Group LLC now owns 224,904 shares of the company’s stock worth $6,007,000 after buying an additional 224,013 shares during the period. Invesco Ltd. increased its stake in shares of Sila Realty Trust by 111.9% in the 4th quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock worth $9,735,000 after acquiring an additional 220,543 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Sila Realty Trust by 33.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 771,571 shares of the company’s stock worth $17,985,000 after acquiring an additional 193,466 shares in the last quarter.

Sila Realty Trust Price Performance

SILA stock opened at $30.36 on Monday. Sila Realty Trust has a 1 year low of $21.94 and a 1 year high of $30.63. The company has a market cap of $1.68 billion, a P/E ratio of 45.31 and a beta of 0.94. The firm has a 50-day moving average of $30.36 and a 200 day moving average of $26.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.22 EPS for the quarter, topping 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 $52.66 million during the quarter, compared to analyst estimates of $49.77 million. On average, sell-side analysts forecast that Sila Realty Trust will post 2.3 EPS for the current year.

Sila Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio (DPR) is presently 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.