Silver Bay Realty Trust Corp. Announces Quarterly Dividend of $0.04 (SBY)
Silver Bay Realty Trust Corp. (NYSE:SBY) announced a quarterly dividend on Thursday, September 4th, StockRatingsNetwork.com reports. Investors of record on Monday, September 22nd will be paid a dividend of 0.04 per share on Friday, October 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.96%.
On the ratings front, analysts at JPMorgan Chase & Co. upgraded shares of Silver Bay Realty Trust Corp. from a “neutral” rating to an “overweight” rating in a research note on Monday, August 25th. They now have a $18.00 price target on the stock, up previously from $17.00. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.83.
Silver Bay Realty Trust Corp. (NYSE:SBY) traded up 0.60% on Thursday, hitting $16.74. 280,853 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’s 50-day moving average is $16.25 and its 200-day moving average is $15.80. The company’s market cap is $644.0 million.
Silver Bay Realty Trust Corp. (NYSE:SBY) last released its earnings data 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 $0.27 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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