Silver Bay Realty Trust Corp (NYSE:SBY) has earned a consensus rating of “Hold” from the six research firms that are currently covering the company. Six analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $19.63.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Silver Bay Realty Trust Corp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. JMP Securities lowered Silver Bay Realty Trust Corp from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 28th. Credit Suisse Group AG assumed coverage on Silver Bay Realty Trust Corp in a report on Monday, February 27th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $21.50 target price on shares of Silver Bay Realty Trust Corp in a report on Thursday, March 2nd.

Shares of Silver Bay Realty Trust Corp (NYSE:SBY) remained flat at $21.49 on Friday. Silver Bay Realty Trust Corp has a one year low of $14.10 and a one year high of $21.85. The company’s 50 day moving average price is $21.49 and its 200 day moving average price is $19.08.

Silver Bay Realty Trust Corp (NYSE:SBY) last posted its earnings results on Monday, February 27th. The real estate investment trust reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.27. The company had revenue of $32.45 million during the quarter, compared to analyst estimates of $32.55 million. Silver Bay Realty Trust Corp had a negative return on equity of 1.09% and a negative net margin of 4.73%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. Analysts predict that Silver Bay Realty Trust Corp will post ($0.16) earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of SBY. Metropolitan Life Insurance Co. NY raised its position in Silver Bay Realty Trust Corp by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 26,027 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 75 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Silver Bay Realty Trust Corp by 1.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 22,500 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 350 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Silver Bay Realty Trust Corp by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 23,420 shares of the real estate investment trust’s stock worth $502,000 after buying an additional 839 shares during the period. American International Group Inc. raised its position in shares of Silver Bay Realty Trust Corp by 6.9% in the first quarter. American International Group Inc. now owns 20,447 shares of the real estate investment trust’s stock worth $439,000 after buying an additional 1,325 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Silver Bay Realty Trust Corp by 3.5% in the first quarter. Legal & General Group Plc now owns 76,592 shares of the real estate investment trust’s stock worth $1,645,000 after buying an additional 2,581 shares during the period. 73.62% of the stock is owned by institutional investors.

Silver Bay Realty Trust Corp Company Profile

Silver Bay Realty Trust Corp. is a real estate investment trust. It focuses on the acquisition, renovation, leasing and management of single-family properties in select markets in the United States. As of December 31, 2016, it had owned 9,044 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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