Sila Realty Trust Inc (NYSE: SILA) Rise 0.84%, Now What? Don’t Panic

Sila Realty Trust Inc (NYSE:SILA) price on current trading day, rose 0.84% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $25.13.

A look at the stock’s price movement, the close in the last trading session was $24.92, moving within a range at $24.875 and $25.31. The beta value (5-Year monthly) was 0.145 while the PE ratio in trailing twelve months stood at 56.65.

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Sila Realty Trust Inc’s market cap currently stands at around $1.07 billion, with investors looking forward to this quarter’s earnings report slated for in October. The company has a Forward Dividend ratio of 0.40, with its dividend yield at 1.59%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend SILA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

SILA’s current price about 4.90% and 8.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.11, while 7-day volatility ratio is 3.18% and 3.04% in the 30-day chart. Further, Sila Realty Trust Inc (SILA) has a beta value of 0, and an average true range (ATR) of 0.80.

If we refocus on Sila Realty Trust Inc (NYSE:SILA), historical trading data shows that trading volumes averaged 0.75 over the past 10 days and 839.69K over the past 3 months. The company’s latest data on shares outstanding shows there are 42.26 million shares.

The 0.89% of Sila Realty Trust Inc’s shares are in the hands of company insiders while institutional holders own 30.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.25 million on 2024-08-30, giving us a short ratio of 0.33. The data shows that as of 2024-08-30 short interest in Sila Realty Trust Inc (SILA) stood at 46.0 of shares outstanding, with shares short rising to 0.16 million registered in 2024-07-31. Current price change has pushed the stock 15.28% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SILA stock continues to rise going into the next quarter.

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