Silver Bay Realty Trust Corp. (NYSE:SBY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $19.03 and last traded at $19.00, with a volume of 454,904 shares traded. The stock had previously closed at $18.57.

Several research firms have commented on SBY. Zacks Investment Research downgraded shares of Silver Bay Realty Trust Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Compass Point downgraded shares of 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 report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.75.

The firm’s market cap is $677.96 million. The stock’s 50 day moving average is $17.97 and its 200 day moving average is $15.57.

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

A hedge fund recently raised its stake in Silver Bay Realty Trust Corp. stock. Dimensional Fund Advisors LP boosted its stake 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 firm owned 321,147 shares of the company’s stock after buying an additional 115,423 shares during the period. Dimensional Fund Advisors LP owned about 0.89% of Silver Bay Realty Trust Corp. worth $5,029,000 at the end of the most recent 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.