Sila Realty Trust, Inc. (NYSE:SILA) Short Interest Down 53.9% in April

Sila Realty Trust, Inc. (NYSE:SILA) was the recipient 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. Based on an average daily volume of 1,932,615 shares, the short-interest ratio is presently 0.4 days. Currently, 1.5% of the shares of the company are short sold.

Institutional Trading of Sila Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of Sila Realty Trust by 87.6% during the 4th 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 during the period. Entrust Financial LLC bought a new position in Sila Realty Trust in the 4th quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. lifted its stake in Sila Realty Trust by 90.4% in the 3rd 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 during the last quarter. Basepoint Wealth LLC bought a new position in Sila Realty Trust in the 4th quarter valued at approximately $30,000. Finally, United Financial Planning Group LLC bought a new position in Sila Realty Trust in the 3rd quarter valued at approximately $35,000.

Sila Realty Trust Stock Performance

Shares of Sila Realty Trust stock remained flat at $30.56 on Friday. 275,298 shares of the stock were exchanged, compared to its average volume of 1,454,201. The firm’s 50 day simple moving average is $26.54 and its 200 day simple moving average is $24.87. Sila Realty Trust has a 12 month low of $21.94 and a 12 month high of $30.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.27. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 45.61 and a beta of 1.01.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $52.67 million during the quarter, compared to the consensus estimate of $49.77 million. On average, equities research analysts expect that Sila Realty Trust will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

SILA has been the topic of a number of analyst reports. BNP Paribas Exane restated 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. Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Truist Financial set a $28.00 target price on shares of Sila Realty Trust in a research report on Wednesday, March 11th. Weiss Ratings upgraded shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Sila Realty Trust presently has an average rating of “Hold” and a consensus target price of $29.00.

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.