Short Interest in Sila Realty Trust, Inc. (NYSE:SILA) Drops By 13.4%

Sila Realty Trust, Inc. (NYSE:SILA) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,653,606 shares, a decline of 13.4% from the December 31st total of 3,065,146 shares. Based on an average daily volume of 386,863 shares, the short-interest ratio is presently 6.9 days. Approximately 4.9% of the company’s shares are sold short. Approximately 4.9% of the company’s shares are sold short. Based on an average daily volume of 386,863 shares, the short-interest ratio is presently 6.9 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sila Realty Trust in a report on Monday, December 29th. Finally, Wolfe Research began coverage on Sila Realty Trust in a research note on Monday, October 20th. They set a “peer perform” rating and a $27.00 price target for the company. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.67.

Sila Realty Trust Stock Performance

NYSE SILA traded down $0.35 during trading hours on Tuesday, reaching $23.83. The stock had a trading volume of 28,548 shares, compared to its average volume of 340,195. Sila Realty Trust has a 52-week low of $21.94 and a 52-week high of $27.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $1.31 billion, a P/E ratio of 34.62 and a beta of -0.02. The stock has a fifty day moving average of $23.50 and a 200 day moving average of $24.17.

Sila Realty Trust (NYSE:SILA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.33). Sila Realty Trust had a net margin of 19.86% and a return on equity of 2.80%. The business had revenue of $49.85 million for the quarter, compared to analyst estimates of $49.73 million. Sell-side analysts predict that Sila Realty Trust will post 2.23 earnings per share for the current year.

Hedge Funds Weigh In On Sila Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its position in Sila Realty Trust by 60.0% during the second quarter. Thrivent Financial for Lutherans now owns 98,869 shares of the company’s stock worth $2,340,000 after purchasing an additional 37,058 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Sila Realty Trust by 41.4% during the second quarter. Asset Management One Co. Ltd. now owns 114,234 shares of the company’s stock worth $2,704,000 after purchasing an additional 33,430 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of Sila Realty Trust by 8.7% during the second quarter. Frontier Capital Management Co. LLC now owns 2,531,194 shares of the company’s stock worth $59,913,000 after purchasing an additional 202,976 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Sila Realty Trust in the second quarter valued at approximately $681,000. Finally, Rhumbline Advisers increased its stake in Sila Realty Trust by 709.9% during the 2nd quarter. Rhumbline Advisers now owns 94,767 shares of the company’s stock worth $2,243,000 after buying an additional 83,066 shares during the period.

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.