Silver Bay Realty Trust Corp (SBY) : Entrustpermal Management reduced its stake in Silver Bay Realty Trust Corp by 5.64% during the most recent quarter end. The investment management company now holds a total of 202,400 shares of Silver Bay Realty Trust Corp which is valued at $3,596,648 after selling 12,100 shares in Silver Bay Realty Trust Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Silver Bay Realty Trust Corp makes up approximately 2.09% of Entrustpermal Management’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies sold out all of its stake in SBY during the most recent quarter. The investment firm sold 25,371 shares of SBY which is valued $450,843.Blackrock Advisors reduced its stake in SBY by selling 496,166 shares or 96.27% in the most recent quarter. The Hedge Fund company now holds 19,240 shares of SBY which is valued at $328,619.Oppenheimer Co Inc boosted its stake in SBY in the latest quarter, The investment management firm added 4,219 additional shares and now holds a total of 24,431 shares of Silver Bay Realty Trust Corp which is valued at $417,281. Silver Bay Realty Trust Corp makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.First Trust Advisors Lp boosted its stake in SBY in the latest quarter, The investment management firm added 2,241 additional shares and now holds a total of 18,261 shares of Silver Bay Realty Trust Corp which is valued at $295,463.
Silver Bay Realty Trust Corp opened for trading at $17.66 and hit $17.94 on the upside on Monday, eventually ending the session at $17.91, with a gain of 1.02% or 0.18 points. The heightened volatility saw the trading volume jump to 2,85,328 shares. Company has a market cap of $634 M.
On the company’s financial health, Silver Bay Realty Trust Corp reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.20. The company had revenue of $31.56 million for the quarter, compared to analysts expectations of $31.78 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Many Wall Street Analysts have commented on Silver Bay Realty Trust Corp. Silver Bay Realty Trust Corp was Downgraded by JP Morgan to ” Neutral” on Sep 26, 2016.
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.