Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.03 and last traded at $19.00, with a volume of 454,904 shares changing hands. The stock had previously closed at $18.57.

Several brokerages recently issued reports on SBY. Zacks Investment Research downgraded Silver Bay Realty Trust Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Compass Point downgraded Silver Bay Realty Trust Corp. from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.75.

The firm’s 50 day moving average is $17.89 and its 200 day moving average is $15.47. The firm’s market capitalization is $671.94 million.

Silver Bay Realty Trust Corp. (NYSE:SBY) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. During the same period in the prior year, the business posted $0.18 EPS. The firm earned $31.50 million during the quarter, compared to analyst estimates of $31.32 million. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts predict that Silver Bay Realty Trust Corp. will post $0.82 EPS for the current fiscal year.

An institutional investor recently raised its position in Silver Bay Realty Trust Corp. stock. Dimensional Fund Advisors LP increased its position in shares of Silver Bay Realty Trust Corp. (NYSE:SBY) by 56.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,147 shares of the company’s stock after buying an additional 115,423 shares during the period. Dimensional Fund Advisors LP owned 0.89% of Silver Bay Realty Trust Corp. worth $5,029,000 as of its most recent filing with the SEC.

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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