Silver Bay Realty Trust Corp. (NYSE:SBY) hit a new 52-week high during trading on Monday . The company traded as high as $17.59 and last traded at $17.53, with a volume of 89,696 shares traded. The stock had previously closed at $17.32.

A number of equities research analysts have recently commented on SBY shares. Wells Fargo & Co. started coverage on shares of Silver Bay Realty Trust Corp. in a research note on Tuesday, April 5th. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Silver Bay Realty Trust Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, May 17th. Finally, Compass Point reaffirmed a “buy” rating and set a $19.00 price objective on shares of Silver Bay Realty Trust Corp. in a research note on Tuesday, March 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.30.

The stock’s 50 day moving average price is $16.56 and its 200-day moving average price is $14.85. The company’s market cap is $619.86 million.

Silver Bay Realty Trust Corp. (NYSE:SBY) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. During the same period last year, the company earned $0.12 earnings per share. The business earned $31.10 million during the quarter, compared to analyst estimates of $31.03 million. The business’s revenue for the quarter was up 40.1% compared to the same quarter last year. Equities analysts expect that Silver Bay Realty Trust Corp. will post $0.80 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Wednesday, June 29th.

Other large investors have recently modified their holdings of the company. 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Silver Bay Realty Trust Corp. by 56.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 321,147 shares of the company’s stock worth $5,029,000 after buying an additional 115,423 shares in the last quarter. 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 in the last quarter. 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 in the last quarter.

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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