JMP Securities cut shares of Silver Bay Realty Trust Corp. (NYSE:SBY) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning, TheFlyOnTheWall.com reports.
Shares of Silver Bay Realty Trust Corp. (NYSE:SBY) traded down 1.35% during mid-day trading on Monday, hitting $15.33. The stock had a trading volume of 477,018 shares. Silver Bay Realty Trust Corp. has a 1-year low of $15.35 and a 1-year high of $22.40. The stock has a 50-day moving average of $15.68 and a 200-day moving average of $16.62. The company’s market cap is $602.7 million.
SBY has been the subject of a number of other recent research reports. Analysts at Zelman & Associates downgraded shares of Silver Bay Realty Trust Corp. from a buy rating to a hold rating in a research note to investors on Friday. Analysts at Susquehanna initiated coverage on shares of Silver Bay Realty Trust Corp. in a research note to investors on Tuesday, October 22nd. They set a neutral rating and a $15.00 price target on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $20.10.
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.
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