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

SBY has been the topic of several analyst reports. Zacks Investment Research lowered shares of Silver Bay Realty Trust Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Compass Point lowered 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 report on Tuesday. Finally, Wells Fargo & Co. initiated coverage on shares of Silver Bay Realty Trust Corp. in a research report on Tuesday, April 5th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.30.

The company’s 50-day moving average is $17.06 and its 200-day moving average is $15.01. The company’s market cap is $639.01 million.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.89%. The ex-dividend date was Wednesday, June 29th.

A number of hedge funds and institutional investors recently bought and sold shares of SBY. 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 worth $1,055,000 after buying an additional 1,139 shares during the last quarter. 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 worth $10,626,000 after buying an additional 29,557 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 worth $3,545,000 after buying an additional 226,080 shares in the last quarter. Finally, 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 worth $5,029,000 after buying an additional 115,423 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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