Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.25.

A number of equities analysts have issued reports on SBY shares. Zacks Investment Research upgraded Silver Bay Realty Trust Corp. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Saturday, August 6th. Keefe, Bruyette & Woods increased their price objective on Silver Bay Realty Trust Corp. from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, September 22nd. JPMorgan Chase & Co. downgraded Silver Bay Realty Trust Corp. from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Monday, September 26th. Finally, Compass Point downgraded Silver Bay Realty Trust Corp. from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Tuesday, July 26th.

Several institutional investors have recently modified their holdings of SBY. Renaissance Technologies LLC increased its position in shares of Silver Bay Realty Trust Corp. by 13.5% in the first quarter. Renaissance Technologies LLC now owns 2,056,000 shares of the company’s stock valued at $30,532,000 after buying an additional 244,700 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Silver Bay Realty Trust Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,539,899 shares of the company’s stock valued at $22,868,000 after buying an additional 16,682 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Silver Bay Realty Trust Corp. by 10.3% in the first quarter. TIAA CREF Investment Management LLC now owns 324,884 shares of the company’s stock valued at $4,825,000 after buying an additional 30,300 shares during the period. HBK Investments L P boosted its stake in Silver Bay Realty Trust Corp. by 12.3% in the first quarter. HBK Investments L P now owns 31,900 shares of the company’s stock valued at $474,000 after buying an additional 3,500 shares during the period. Finally, Scotia Capital Inc. boosted its stake in Silver Bay Realty Trust Corp. by 6.5% in the first quarter. Scotia Capital Inc. now owns 370,148 shares of the company’s stock valued at $5,498,000 after buying an additional 22,534 shares during the period. Hedge funds and other institutional investors own 70.62% of the company’s stock.

Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) traded up 1.19% during trading on Monday, hitting $17.00. 116,128 shares of the company were exchanged. The stock’s market capitalization is $601.53 million. Silver Bay Realty Trust Corp. has a 1-year low of $12.03 and a 1-year high of $19.41. The company has a 50 day moving average of $18.12 and a 200-day moving average of $16.68.

Silver Bay Realty Trust Corp. (NYSE:SBY) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business earned $31.50 million during 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%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, analysts forecast that Silver Bay Realty Trust Corp. will post $0.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Monday, October 3rd were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 29th. This represents a $0.52 annualized dividend and a dividend yield of 3.10%. Silver Bay Realty Trust Corp.’s payout ratio is presently -325.00%.

About Silver Bay Realty Trust Corp.

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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