Silver Bay Realty Trust Corp. Sees Unusually-High Trading Volume After Dividend Announcement (SBY)
Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) saw unusually-strong trading volume on Friday after the company announced a dividend, American Banking News reports. Approximately 1,879,474 shares changed hands during mid-day trading, an increase of 484% from the previous session’s volume of 321,684 shares.The stock last traded at $16.65 and had previously closed at $16.49.
The newly announced dividend is scheduled for Friday, July 11th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, June 26th.
The stock has a 50-day moving average of $15.66 and a 200-day moving average of $15.74. The company’s market cap is $640.3 million.
Silver Bay Realty Trust Corp. (NYSE:SBY) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.02. Analysts expect that Silver Bay Realty Trust Corp. will post $0.22 EPS for the current fiscal year.
Silver Bay Realty Trust Corp. is focused on the acquisition, renovation, leasing and management of single-family properties in selected markets in the United States.
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