Silver Bay Realty Trust Corp. (NYSE:SBY) saw unusually-strong trading volume on Tuesday . Approximately 256,945 shares were traded during trading, an increase of 11% from the previous session’s volume of 231,252 shares.The stock last traded at $18.96 and had previously closed at $19.19.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Silver Bay Realty Trust Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Saturday, August 6th. 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 note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.75.

The stock’s market capitalization is $671.94 million. The firm’s 50 day moving average is $18.23 and its 200-day moving average is $15.81.

Silver Bay Realty Trust Corp. (NYSE:SBY) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm earned $31.50 million during the quarter, compared to analyst estimates of $31.32 million. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, analysts predict that Silver Bay Realty Trust Corp. will post $0.81 EPS for the current fiscal year.

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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