Silver Bay Realty Trust Corp. (NYSE:SBY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $17.99 and last traded at $17.76, with a volume of 197,281 shares trading hands. The stock had previously closed at $17.59.

SBY has been the topic of several recent analyst reports. Zacks Investment Research upgraded 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 report on Tuesday, May 17th. Wells Fargo & Co. started coverage on Silver Bay Realty Trust Corp. in a report on Tuesday, April 5th. They set a “market perform” rating on the stock. Finally, Compass Point cut Silver Bay Realty Trust Corp. from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.30.

The company’s market cap is $626.60 million. The firm has a 50-day moving average of $16.97 and a 200-day moving average of $14.97.

Silver Bay Realty Trust Corp. (NYSE:SBY) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.19 earnings per share for the quarter, meeting the 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 period in the previous year, the company posted $0.12 EPS. The company’s quarterly revenue was up 40.1% on a year-over-year basis. On average, equities research analysts forecast that Silver Bay Realty Trust Corp. will post $0.80 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders 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 dividend yield of 2.94%.

A number of large investors have added to or reduced their stakes in the company. Boston Partners boosted its stake 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. Dimensional Fund Advisors LP boosted its stake 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. Bank of Montreal Can boosted its stake 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. Finally, California State Teachers Retirement System boosted its stake 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.

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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