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

SBY has been the topic of a number of other research reports. Zacks Investment Research raised Silver Bay Realty Trust Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Saturday, August 6th. Compass Point downgraded Silver Bay Realty Trust Corp. from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Silver Bay Realty Trust Corp. presently has an average rating of “Hold” and an average target price of $18.60.

Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) traded up 1.32% during trading on Thursday, hitting $19.21. The stock had a trading volume of 66,078 shares. The stock’s market capitalization is $679.73 million. The stock’s 50-day moving average is $18.75 and its 200-day moving average is $16.36. Silver Bay Realty Trust Corp. has a 12-month low of $12.03 and a 12-month high of $19.41.

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

A number of institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position 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 worth $4,545,000 after buying an additional 23,026 shares during the last quarter. Legal & General Group Plc boosted its position 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 worth $1,396,000 after buying an additional 15,280 shares during the last quarter. Bluefin Trading LLC acquired a new position in Silver Bay Realty Trust Corp. during the second quarter worth approximately $295,000. Jane Street Group LLC acquired a new position in Silver Bay Realty Trust Corp. during the second quarter worth approximately $259,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Silver Bay Realty Trust Corp. during the second quarter worth approximately $432,000. Institutional investors and hedge funds 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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