Silver Bay Realty Trust (NYSE:SBY) has been downgraded from Overweight to Neutral in a statement by JP Morgan earlier today.
- Updated: September 26, 2016
JP Morgan has downgraded Silver Bay Realty Trust (NYSE:SBY) from Overweight to Neutral in a statement released on 9/26/2016.
On 7/26/2016, Compass Point released a statement on Silver Bay Realty Trust (NYSE:SBY) bumped up the target price from $0.00 to $19.00 that suggested an upside of 0.08%.
Boasting a price of $18.29, Silver Bay Realty Trust (NYSE:SBY) traded -1.44% lower on the day. With the last close up 12.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Silver Bay Realty Trust has recorded a 50-day average of $18.79 and a two hundred day average of $16.41. Volume of trade was down over the average, with 80,240 shares of SBY changing hands under the typical 274,242
With a total market value of $0, Silver Bay Realty Trust has with a one year low of $12.03 and a one year high of $19.41 .
A total of 5 analysts have released a research note on SBY. Two analysts rating the company a strong buy, two analysts rating the company a buy, one analyst rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $17.60.
More About Silver Bay Realty Trust (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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