Compass Point Downgrades Silver Bay Realty Trust Corp to Neutral

Brokerage firm Compass Point Downgrades its rating on Silver Bay Realty Trust Corp(NYSE:SBY). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Compass Point was issued on Jul 26, 2016.

Silver Bay Realty Trust Corp (SBY) made into the market gainers list on Fridays trading session with the shares advancing 1.98% or 0.35 points. Due to strong positive momentum, the stock ended at $18.02, which is also near the day’s high of $18.05. The stock began the session at $17.61 and the volume stood at 3,11,233 shares. The 52-week high of the shares is $18.05 and the 52 week low is $12.03. The company has a current market capitalization of $639 M and it has 3,54,61,613 shares in outstanding.

Silver Bay Realty Trust Corp(SBY) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $31.14M. Analysts had an estimated revenue of $31.03M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2015, Thomas Siering (director) purchased 10,000 shares at $15.75 per share price.

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.

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