Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) fell 1.8% on Wednesday . The company traded as low as $17.08 and last traded at $17.10, with a volume of 216,307 shares traded. The stock had previously closed at $17.42.

A number of research firms have recently weighed in on SBY. Zacks Investment Research raised shares of Silver Bay Realty Trust Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday. Wells Fargo & Co. began coverage on shares of Silver Bay Realty Trust Corp. in a research report on Tuesday, April 5th. They set a “market perform” rating for the company. Compass Point reissued a “buy” rating and set a $19.00 price target on shares of Silver Bay Realty Trust Corp. in a research report on Tuesday, March 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Silver Bay Realty Trust Corp. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.30.

The stock has a 50-day moving average of $16.01 and a 200 day moving average of $14.76. The stock’s market cap is $607.45 million.

Silver Bay Realty Trust Corp. (NYSE:SBY) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $31.10 million for the quarter, compared to the consensus estimate of $31.03 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 40.1% on a year-over-year basis. On average, equities analysts predict that Silver Bay Realty Trust Corp. will post $0.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 1st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, June 29th.

A number of hedge funds recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of Silver Bay Realty Trust Corp. by 72,461.5% in the fourth quarter. Bank of Montreal Can now owns 226,392 shares of the company’s stock worth $3,545,000 after buying an additional 226,080 shares during the period. Boston Partners boosted its stake in shares of Silver Bay Realty Trust Corp. by 4.6% in the fourth quarter. Boston Partners now owns 678,516 shares of the company’s stock worth $10,626,000 after buying an additional 29,557 shares during the period. DIAM Co. Ltd. boosted its stake in shares of Silver Bay Realty Trust Corp. by 2.5% in the fourth quarter. DIAM Co. Ltd. now owns 105,995 shares of the company’s stock worth $1,687,000 after buying an additional 2,565 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Silver Bay Realty Trust Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 67,344 shares of the company’s stock worth $1,055,000 after buying an additional 1,139 shares during the period.

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.

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