Today, Advisors Asset Management Inc. reduces its investment in Silver Bay Realty Trust Corp. (SBY)

Today, Advisors Asset Management Inc. reduces its investment in Silver Bay Realty Trust Corp. (SBY)

Advisors Asset Management Inc. lowered its stake in Silver Bay Realty Trust Corp. (NYSE:SBY) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,281 shares of the company’s stock after selling 2,016 shares during the period. Advisors Asset Management Inc. owned about 0.10% of Silver Bay Realty Trust Corp. worth $636,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SBY. BlackRock Institutional Trust Company N.A. increased its stake in Silver Bay Realty Trust Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,539,899 shares of the company’s stock valued at $22,868,000 after buying an additional 16,682 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in Silver Bay Realty Trust Corp. during the second quarter valued at approximately $1,230,000. Nationwide Fund Advisors increased its stake in Silver Bay Realty Trust Corp. by 19.8% in the second quarter. Nationwide Fund Advisors now owns 68,468 shares of the company’s stock valued at $1,166,000 after buying an additional 11,303 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Silver Bay Realty Trust Corp. by 9.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,377 shares of the company’s stock valued at $654,000 after buying an additional 3,304 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in Silver Bay Realty Trust Corp. by 30.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,368 shares of the company’s stock valued at $245,000 after buying an additional 3,384 shares during the last quarter. Institutional investors and hedge funds own 70.94% of the company’s stock.

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

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

Silver Bay Realty Trust Corp. Company Profile

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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