Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.67.

Several research firms have issued reports on SBY. Compass Point cut shares of Silver Bay Realty Trust Corp. from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Tuesday, July 26th. Keefe, Bruyette & Woods raised their target price on shares of Silver Bay Realty Trust Corp. from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Thursday, September 22nd. JPMorgan Chase & Co. cut shares of Silver Bay Realty Trust Corp. from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Monday, September 26th. Finally, Zacks Investment Research raised shares of 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.

Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) traded down 1.0179% during midday trading on Monday, hitting $17.7277. 210,836 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $17.03 and its 200-day moving average is $17.15. The stock’s market cap is $627.21 million. Silver Bay Realty Trust Corp. has a 1-year low of $12.03 and a 1-year high of $19.41.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Silver Bay Realty Trust Corp. by 1.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 6,885 shares of the company’s stock worth $117,000 after buying an additional 88 shares during the period. Barclays PLC boosted its position in shares of Silver Bay Realty Trust Corp. by 1.2% in the first quarter. Barclays PLC now owns 23,823 shares of the company’s stock worth $333,000 after buying an additional 292 shares during the period. Nomura Asset Management Co. Ltd. boosted 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 company’s stock worth $394,000 after buying an additional 350 shares during the period. California State Teachers Retirement System boosted its position in shares of Silver Bay Realty Trust Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 70,431 shares of the company’s stock worth $1,235,000 after buying an additional 700 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Silver Bay Realty Trust Corp. by 2.1% in the third quarter. Rhumbline Advisers now owns 45,400 shares of the company’s stock worth $796,000 after buying an additional 940 shares during the period. 70.94% of the stock is currently owned by hedge funds and other institutional investors.

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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