Silver Bay Realty Trust Corp (SBY) : Pensionfund Sabic added new position in Silver Bay Realty Trust Corp during the most recent quarter end. The investment management firm now holds 20,000 shares of Silver Bay Realty Trust Corp which is valued at $289,800 according to a report filed by the company on Apr 4, 2016 with the SEC.Silver Bay Realty Trust Corp makes up approximately 0.09% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands added SBY to its portfolio by purchasing 60,000 company shares during the most recent quarter which is valued at $869,400. Silver Bay Realty Trust Corp makes up approx 0.12% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, Silver Bay Realty Trust Corp reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.19. The company had revenue of $30.60 million for the quarter, compared to analysts expectations of $31.10 million. The company’s revenue was up 47.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Silver Bay Realty Trust Corp. Silver Bay Realty Trust Corp was Initiated by Wells Fargo to “Market Perform” on Apr 5, 2016.
Silver Bay Realty Trust Corp opened for trading at $14.47 and hit $14.601 on the upside on Monday, eventually ending the session at $14.49, with a gain of 0.42% or 0.06 points. The heightened volatility saw the trading volume jump to 1,24,262 shares. Company has a market cap of $524 M.
Silver Bay Realty Trust Corp. is focused on the acquisition renovation leasing and management of single-family properties in selected markets in the United States. As of December 31 2014 the Company owned 6779 single-family properties in Arizona California Florida Georgia Nevada North Carolina Ohio and Texas. The Company conducts its business and owns all of its properties through Silver Bay Operating Partnership L.P. (the operating partnership). The Company’s wholly owned subsidiary Silver Bay Management LLC is the sole general partner of the Operating Partnership. As of December 31 2014 Silver Bay Realty Trust Corp. owned through a combination of direct and indirect interests 94.3% of the partnership interests in the Operating Partnership. The Company’s subsidiaries include Silver Bay Operating Partnership L.P SB TRS LLC Silver Bay Property Corp. SB Financing Trust SB Financing Trust Owner LLC SBY 2014-1 Equity Owner LLC and SBY 2014-1 Borrower LLC.