Shares of Silver Bay Realty Trust Corp (NYSE:SBY) have received an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.63.

A number of research firms have recently issued reports on SBY. Credit Suisse Group began coverage on shares of Silver Bay Realty Trust Corp in a research note on Monday, February 27th. They issued a “neutral” rating and a $19.00 price target on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.50 price target on shares of Silver Bay Realty Trust Corp in a research note on Thursday, March 2nd. Zacks Investment Research raised shares of Silver Bay Realty Trust Corp from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Friday, March 10th. Finally, JMP Securities downgraded shares of Silver Bay Realty Trust Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 28th.

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Shares of Silver Bay Realty Trust Corp (NYSE SBY) remained flat at $21.49 during trading on Tuesday. Silver Bay Realty Trust Corp has a 1-year low of $15.65 and a 1-year high of $21.85. The company’s 50-day moving average price is $21.49 and its 200-day moving average price is $19.61.

Several large investors have recently added to or reduced their stakes in SBY. Hillsdale Investment Management Inc. bought a new stake in Silver Bay Realty Trust Corp during the first quarter worth about $152,000. Dynamic Technology Lab Private Ltd bought a new stake in Silver Bay Realty Trust Corp during the fourth quarter worth about $194,000. Gamco Investors INC. ET AL bought a new stake in Silver Bay Realty Trust Corp during the first quarter worth about $224,000. Karp Capital Management Corp bought a new stake in Silver Bay Realty Trust Corp during the first quarter worth about $241,000. Finally, KCG Holdings Inc. bought a new stake in Silver Bay Realty Trust Corp during the first quarter worth about $251,000. 73.62% of the stock is currently owned by institutional investors and hedge funds.

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.

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