Silver Bay Realty Trust Corp. (NYSE:SBY) had its price objective hoisted by equities researchers at Keefe, Bruyette & Woods from $17.00 to $18.00 in a research note issued to investors on Thursday. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 5.06% from the company’s previous close.

SBY has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Silver Bay Realty Trust Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Saturday, August 6th. Compass Point cut shares of Silver Bay Realty Trust Corp. from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.60.

Silver Bay Realty Trust Corp. (NYSE:SBY) traded up 1.187% during midday trading on Thursday, reaching $19.185. 58,687 shares of the company’s stock traded hands. Silver Bay Realty Trust Corp. has a 1-year low of $12.03 and a 1-year high of $19.41. The firm’s 50-day moving average is $18.75 and its 200-day moving average is $16.36. The company’s market capitalization is $678.84 million.

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Silver Bay Realty Trust Corp. (NYSE:SBY) last issued its earnings results on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The business earned $31.50 million during the quarter, compared to analysts’ expectations of $31.32 million. Silver Bay Realty Trust Corp. had a negative net margin of 4.59% and a negative return on equity of 1.03%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. Analysts forecast that Silver Bay Realty Trust Corp. will post $0.81 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in Silver Bay Realty Trust Corp. by 9.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 266,882 shares of the company’s stock valued at $4,545,000 after buying an additional 23,026 shares during the last quarter. Legal & General Group Plc boosted its stake in Silver Bay Realty Trust Corp. by 22.9% in the second quarter. Legal & General Group Plc now owns 82,047 shares of the company’s stock valued at $1,396,000 after buying an additional 15,280 shares during the last quarter. Bluefin Trading LLC purchased a new stake in Silver Bay Realty Trust Corp. during the second quarter valued at about $295,000. Jane Street Group LLC purchased a new stake in Silver Bay Realty Trust Corp. during the second quarter valued at about $259,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Silver Bay Realty Trust Corp. during the second quarter valued at about $432,000. Hedge funds and other institutional investors own 70.62% of the company’s stock.

Silver Bay Realty Trust Corp. Company Profile

Silver Bay Realty Trust Corp. is an internally managed real estate investment trust. The Company is focused on the acquisition, renovation, leasing and management of single-family properties in certain markets in the United States. The Company owns approximately 9,020 single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio, South Carolina and Texas.

5 Day Chart for NYSE:SBY

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