Worth Watching: Silver Bay Realty Trust Corp Stock Is Crashing Now

Worth Watching: Silver Bay Realty Trust Corp Stock Is Crashing Now

The stock of Silver Bay Realty Trust Corp (NYSE:SBY) is a huge mover today! The stock decreased 2.37% or $0.42 on September 30, hitting $17.53. Silver Bay Realty Trust Corp (NYSE:SBY) has risen 27.49% since February 29, 2016 and is uptrending. It has outperformed by 17.07% the S&P500.
The move comes after 5 months negative chart setup for the $615.69M company. It was reported on Oct, 1 by Barchart.com. We have $16.48 PT which if reached, will make NYSE:SBY worth $36.94 million less.

Analysts await Silver Bay Realty Trust Corp (NYSE:SBY) to report earnings on November, 2. They expect $0.22 EPS, up 29.41% or $0.05 from last year’s $0.17 per share. SBY’s profit will be $7.73 million for 19.92 P/E if the $0.22 EPS becomes a reality. After $0.21 actual EPS reported by Silver Bay Realty Trust Corp for the previous quarter, Wall Street now forecasts 4.76% EPS growth.

Silver Bay Realty Trust Corp (NYSE:SBY) Ratings Coverage

Out of 5 analysts covering Silver Bay Realty Trust (NYSE:SBY), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. Silver Bay Realty Trust has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Bank of America on Monday, October 19. On Tuesday, April 5 the stock rating was initiated by Wells Fargo with “Market Perform”. Wood maintained Silver Bay Realty Trust Corp (NYSE:SBY) rating on Thursday, September 22. Wood has “Market Perform” rating and $18 price target. The company was downgraded on Monday, September 26 by JP Morgan. The stock of Silver Bay Realty Trust Corp (NYSE:SBY) has “Neutral” rating given on Tuesday, July 26 by Compass Point.

According to Zacks Investment Research, “Silver Bay Realty Trust Corp. is a real estate investment trust focused on the acquisition, renovation, leasing and management of single-family properties. Silver Bay Realty Trust Corp. is based in United States.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.08, from 1.13 in 2016Q1. The ratio dived, as 13 funds sold all Silver Bay Realty Trust Corp shares owned while 43 reduced positions. 22 funds bought stakes while 37 increased positions. They now own 24.62 million shares or 4.83% more from 23.49 million shares in 2016Q1.
One Trading Lp owns 9,228 shares or 0% of their US portfolio. Rhumbline Advisers owns 44,460 shares or 0% of their US portfolio. Teachers Advisors has 52,411 shares for 0% of their US portfolio. Advisory Networks Limited Company accumulated 0% or 35 shares. Employees Retirement Systems Of Texas has invested 0.04% of its portfolio in Silver Bay Realty Trust Corp (NYSE:SBY). Hbk Invs Limited Partnership holds 0% of its portfolio in Silver Bay Realty Trust Corp (NYSE:SBY) for 16,200 shares. Us Bank & Trust De has invested 0% of its portfolio in Silver Bay Realty Trust Corp (NYSE:SBY). State Of New Jersey Common Pension Fund D last reported 0% of its portfolio in the stock. Schwab Charles Invest, a California-based fund reported 266,882 shares. Entrustpermal Limited Liability holds 1.84% or 214,500 shares in its portfolio. Bluefin Trading Ltd Liability Corp has invested 0.03% of its portfolio in Silver Bay Realty Trust Corp (NYSE:SBY). Qs Lc has 131,931 shares for 0.02% of their US portfolio. Moreover, Sei Com has 0% invested in Silver Bay Realty Trust Corp (NYSE:SBY) for 7 shares. New York State Common Retirement Fund has invested 0% of its portfolio in Silver Bay Realty Trust Corp (NYSE:SBY). Tiaa Cref Management Ltd Liability Corporation holds 0% of its portfolio in Silver Bay Realty Trust Corp (NYSE:SBY) for 234,958 shares.

More notable recent Silver Bay Realty Trust Corp (NYSE:SBY) news were published by: Businesswire.com which released: “Silver Bay Realty Trust Corp. Announces Realignment of Finance Functions” on September 29, 2016, also Businesswire.com with their article: “Silver Bay Realty Trust Corp. Acquires Portfolio of Properties in its Core Markets” published on September 21, 2016, Businesswire.com published: “Silver Bay Realty Trust Corp. Announces Acquisition of The American Home Portfolio” on February 18, 2015. More interesting news about Silver Bay Realty Trust Corp (NYSE:SBY) were released by: Businesswire.com and their article: “Silver Bay Realty Trust Corp. Appoints W. Reid Sanders to Board of Directors” published on August 03, 2016 as well as Businesswire.com‘s news article titled: “Silver Bay Realty Trust Corp. Names Thomas Brock Chief Executive Officer” with publication date: June 21, 2016.

SBY Company Profile

Silver Bay Realty Trust Corp., incorporated on June 29, 2012, is an internally managed real estate investment trust. The Firm is focused on the acquisition, renovation, leasing and management of single-family properties in certain markets in the United States. The Firm owns approximately 9,020 single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio, South Carolina and Texas. The Firm conducts its business and owns its properties through Silver Bay Operating Partnership L.P. (the Operating Partnership).

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