Credit Agricole S A Has $516,000 Position in Silver Bay Realty Trust Corp (SBY)

Credit Agricole S A boosted its stake in shares of Silver Bay Realty Trust Corp (NYSE:SBY) by 171.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,089 shares of the company’s stock after buying an additional 19,014 shares during the period. Credit Agricole S A owned 0.09% of Silver Bay Realty Trust Corp worth $516,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Silver Bay Realty Trust Corp by 28.2% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 8,829 shares of the company’s stock valued at $155,000 after buying an additional 1,944 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Silver Bay Realty Trust Corp during the fourth quarter valued at about $194,000. KBC Group NV increased its position in shares of Silver Bay Realty Trust Corp by 114.9% in the third quarter. KBC Group NV now owns 14,816 shares of the company’s stock valued at $260,000 after buying an additional 7,921 shares in the last quarter. First Trust Advisors LP increased its position in shares of Silver Bay Realty Trust Corp by 14.0% in the third quarter. First Trust Advisors LP now owns 18,261 shares of the company’s stock valued at $320,000 after buying an additional 2,241 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new position in shares of Silver Bay Realty Trust Corp during the third quarter valued at about $351,000. 73.62% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Silver Bay Realty Trust Corp (NYSE:SBY) opened at 21.75 on Tuesday. Silver Bay Realty Trust Corp has a 52-week low of $13.95 and a 52-week high of $21.81. The firm’s market cap is $771.49 million. The firm has a 50-day moving average of $19.24 and a 200 day moving average of $17.93.

Silver Bay Realty Trust Corp (NYSE:SBY) last released its quarterly earnings data on Monday, February 27th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.27. Silver Bay Realty Trust Corp had a negative net margin of 4.73% and a negative return on equity of 1.09%. The firm had revenue of $32.45 million for the quarter, compared to the consensus estimate of $32.55 million. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts predict that Silver Bay Realty Trust Corp will post ($0.12) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Monday, April 3rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. Silver Bay Realty Trust Corp’s dividend payout ratio (DPR) is presently -325.00%.

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Several brokerages recently issued reports on SBY. Credit Suisse Group AG began coverage on shares of Silver Bay Realty Trust Corp in a report on Monday, February 27th. They set a “neutral” rating and a $19.00 price target for the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $21.50 price objective on shares of Silver Bay Realty Trust Corp in a research report on Thursday, March 2nd. Zacks Investment Research cut shares of Silver Bay Realty Trust Corp from a “hold” rating to a “sell” rating in a research report on Friday, January 6th. Finally, JMP Securities cut shares of Silver Bay Realty Trust Corp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 28th. Six investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Silver Bay Realty Trust Corp currently has an average rating of “Hold” and an average target price of $20.70.

Silver Bay Realty Trust Corp Company Profile

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.

5 Day Chart for NYSE:SBY

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