Insider Buying: Silver Bay Realty Trust Corp. COO Acquires 10,000 Shares of Stock (SBY)
Silver Bay Realty Trust Corp. (NYSE:SBY) COO Lawrence B. Shapiro bought 10,000 shares of Silver Bay Realty Trust Corp. stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $15.90 per share, for a total transaction of $159,000.00. Following the completion of the transaction, the chief operating officer now directly owns 33,531 shares of the company’s stock, valued at approximately $533,143. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Silver Bay Realty Trust Corp. (NYSE:SBY) traded down 0.13% on Tuesday, hitting $15.84. The stock had a trading volume of 187,345 shares. Silver Bay Realty Trust Corp. has a 52 week low of $14.65 and a 52 week high of $16.98. The stock’s 50-day moving average is $16.21 and its 200-day moving average is $15.76. The company’s market cap is $609.4 million.
Silver Bay Realty Trust Corp. (NYSE:SBY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. 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. On average, analysts predict that Silver Bay Realty Trust Corp. will post $0.26 earnings per share 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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