Today, Pensionfund DSM Netherlands Continues to Hold Position in Silver Bay Realty Trust Corp. (SBY)

Today, Pensionfund DSM Netherlands Continues to Hold Position in Silver Bay Realty Trust Corp. (SBY)
Pensionfund DSM Netherlands maintained its stake in Silver Bay Realty Trust Corp. (NYSE:SBY) during the third quarter, according to its most recent filing with the SEC. The fund owned 30,000 shares of the company’s stock at the end of the third quarter. Pensionfund DSM Netherlands owned about 0.08% of Silver Bay Realty Trust Corp. worth $526,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Capital Growth Management LP purchased a new stake in Silver Bay Realty Trust Corp. during the second quarter valued at approximately $16,809,000. Bank of Montreal Can purchased a new stake in Silver Bay Realty Trust Corp. during the second quarter valued at approximately $3,837,000. Employees Retirement System of Texas purchased a new stake in Silver Bay Realty Trust Corp. during the second quarter valued at approximately $2,725,000. Emerald Acquisition Ltd. purchased a new stake in Silver Bay Realty Trust Corp. during the second quarter valued at approximately $2,623,000. Finally, Vanguard Group Inc. raised its stake in Silver Bay Realty Trust Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 5,046,744 shares of the company’s stock valued at $85,947,000 after buying an additional 100,925 shares during the last quarter. 70.94% of the stock is currently owned by hedge funds and other institutional investors.

Silver Bay Realty Trust Corp. (NYSE:SBY) traded up 0.34% during mid-day trading on Friday, reaching $17.52. 57,405 shares of the company traded hands. Silver Bay Realty Trust Corp. has a 52-week low of $12.03 and a 52-week high of $19.41. The stock has a 50-day moving average of $17.09 and a 200 day moving average of $17.25. The stock’s market capitalization is $619.86 million.

Several research firms recently weighed in on SBY. JPMorgan Chase & Co. downgraded shares of Silver Bay Realty Trust Corp. from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Monday, September 26th. Zacks Investment Research downgraded shares of Silver Bay Realty Trust Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Silver Bay Realty Trust Corp. from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, September 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.25.

About Silver Bay Realty Trust Corp.

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.

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