Silver Bay Realty Trust Corp. Director Sells $68,506 in Stock (SBY)
Silver Bay Realty Trust Corp. (NYSE:SBY) Director Thomas Siering unloaded 4,208 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $16.28, for a total value of $68,506.24. Following the transaction, the director now directly owns 45,260 shares in the company, valued at approximately $736,833. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) remained flat at $16.26 during trading on Friday. 64,370 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 $16.14 and a 200-day moving average of $15.77. The company’s market cap is $625.6 million.
Silver Bay Realty Trust Corp. (NYSE:SBY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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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