Silver Bay Realty Trust Corp. (SBY) Announces Quarterly Earnings, Beats Estimates By $0.02 EPS
Silver Bay Realty Trust Corp. (NYSE:SBY) posted its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02, Stock Ratings Network.com reports. The company had revenue of $19.15 million for the quarter, compared to the consensus estimate of $19.14 million. The company’s revenue for the quarter was up 78.6% on a year-over-year basis.
Silver Bay Realty Trust Corp. (NYSE:SBY) traded down 0.06% on Wednesday, hitting $16.07. 274,767 shares of the company’s stock traded hands. Silver Bay Realty Trust Corp. has a 52 week low of $14.65 and a 52 week high of $16.98. The stock has a 50-day moving average of $16.26 and a 200-day moving average of $15.77. The company’s market cap is $618.0 million.
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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