Insider Buying: Irvin R. Kessler Acquires 29,480 Shares of Silver Bay Realty Trust Corp. Stock (SBY)
Silver Bay Realty Trust Corp. (NYSE:SBY) Director Irvin R. Kessler acquired 29,480 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $15.87 per share, with a total value of $467,847.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Silver Bay Realty Trust Corp. (NYSE:SBY) traded up 0.69% on Thursday, hitting $16.06. The stock had a trading volume of 300,623 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 $16.17 and its 200-day moving average is $15.76. The company’s market cap is $617.9 million.
Silver Bay Realty Trust Corp. (NYSE:SBY) last released its earnings data 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. Analysts expect that Silver Bay Realty Trust Corp. will post $0.26 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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