Silver Bay Realty Trust Corp (NYSE:SBY) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Silver Bay Realty Trust Corp (NYSE:SBY) to Hold in a statement released on 10/05/2016.
Having a price of $16.94, Silver Bay Realty Trust Corp (NYSE:SBY) traded -1.54% lower on the day. With the last stock price up 1.16% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SBY has recorded a 50-day average of $18.61 and a two hundred day average of $16.60. Trade Volume was down over the average, with 159,318 shares of SBY changing hands under the typical 264,222
Recent Performance Chart
Silver Bay Realty Trust Corp has with a one year low of $12.03 and a one year high of $19.41 and has a market capitalization of $0.
A total of 5 brokerages have issued a ratings update on Silver Bay Realty Trust Corp. Two brokerages rating the company a strong buy, two brokerages rating the company a buy, one brokerage rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $17.60.
General Company Details For Silver Bay Realty Trust Corp (NYSE:SBY)
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. The Company conducts its business and owns its properties through Silver Bay Operating Partnership L.P. (the Operating Partnership). The Company's properties are located in various markets, such as Atlanta, Phoenix, Tampa, Dallas, Orlando, Jacksonville, Las Vegas, Tucson, Southeast Florida, Northern California and Southern California. The Southeast Florida market consists of Miami-Dade, Broward and Palm Beach counties. The Northern California market consists of Contra Costa, Napa and Solano counties. The Southern California market consists of Riverside and San Bernardino counties.
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