Metropolitan Life Insurance Co. NY cut its stake in Silver Bay Realty Trust Corp (NYSE:SBY) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 26,003 shares of the real estate investment trust’s stock after selling 24 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Silver Bay Realty Trust Corp were worth $558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Silver Bay Realty Trust Corp by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 452,500 shares of the real estate investment trust’s stock valued at $7,756,000 after buying an additional 8,280 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Silver Bay Realty Trust Corp by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 55,160 shares of the real estate investment trust’s stock valued at $945,000 after buying an additional 2,749 shares in the last quarter. Marquette Asset Management Inc. purchased a new position in shares of Silver Bay Realty Trust Corp during the first quarter valued at about $262,000. ARP Americas LLC purchased a new position in shares of Silver Bay Realty Trust Corp during the first quarter valued at about $7,374,000. Finally, Longfellow Investment Management Co. LLC purchased a new position in shares of Silver Bay Realty Trust Corp during the first quarter valued at about $11,266,000. Hedge funds and other institutional investors own 73.62% of the company’s stock.

Shares of Silver Bay Realty Trust Corp (SBY) remained flat at $21.49 on Thursday. The company had a trading volume of 1,113,824 shares. The company has a 50-day moving average of $21.49 and a 200 day moving average of $20.80. Silver Bay Realty Trust Corp has a 12 month low of $15.65 and a 12 month high of $21.85.

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Separately, Zacks Investment Research downgraded shares of Silver Bay Realty Trust Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Five analysts have rated the stock with a hold rating, Silver Bay Realty Trust Corp presently has a consensus rating of “Hold” and an average target price of $21.13.

About Silver Bay Realty Trust Corp

Silver Bay Realty Trust Corp. is a real estate investment trust. It focuses on the acquisition, renovation, leasing and management of single-family properties in select markets in the United States. As of December 31, 2016, it had owned 9,044 single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio, South Carolina and Texas.

Want to see what other hedge funds are holding SBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silver Bay Realty Trust Corp (NYSE:SBY).

Institutional Ownership by Quarter for Silver Bay Realty Trust Corp (NYSE:SBY)

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