Insider Buying: Irvin R. Kessler Buys 29,480 Shares of Silver Bay Realty Trust Corp. Stock (SBY)
Silver Bay Realty Trust Corp. (NYSE:SBY) Director Irvin R. Kessler purchased 29,480 shares of the stock on the open market in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $15.87 per share, with a total value of $467,847.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) opened at 16.12 on Monday. Silver Bay Realty Trust Corp. has a 1-year low of $14.65 and a 1-year high of $16.98. The stock’s 50-day moving average is $16.14 and its 200-day moving average is $15.76. The company’s market cap is $620.2 million.
Silver Bay Realty Trust Corp. (NYSE:SBY) last announced its earnings results on Wednesday, August 6th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ 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. Silver Bay Realty Trust Corp.’s revenue was up 78.6% compared to the same quarter last year. 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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