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

SBY has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Silver Bay Realty Trust Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, July 6th. Compass Point restated a “buy” rating and set a $19.00 target price on shares of Silver Bay Realty Trust Corp. in a report on Tuesday, March 29th. Finally, Wells Fargo & Co. began coverage on shares of Silver Bay Realty Trust Corp. in a report on Tuesday, April 5th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.30.

The company has a 50-day moving average price of $16.64 and a 200 day moving average price of $14.87. The stock’s market cap is $619.50 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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company earned $31.10 million during the quarter, compared to analyst estimates of $31.03 million. During the same quarter in the prior year, the company posted $0.12 EPS. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year. Equities research analysts expect that Silver Bay Realty Trust Corp. will post $0.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.52 annualized dividend and a yield of 2.98%.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in 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 valued at $1,055,000 after buying an additional 1,139 shares in the last quarter. Bank of Montreal Can raised its position in 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 valued at $3,545,000 after buying an additional 226,080 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 valued at $5,029,000 after buying an additional 115,423 shares in the last quarter. Finally, Boston Partners raised its position in Silver Bay Realty Trust Corp. by 4.6% in the fourth quarter. Boston Partners now owns 678,516 shares of the company’s stock valued at $10,626,000 after buying an additional 29,557 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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