Asset Management One Co. Ltd. Has $1.64 Million Stake in Silver Bay Realty Trust Corp (SBY)

Asset Management One Co. Ltd. cut its stake in Silver Bay Realty Trust Corp (NYSE:SBY) by 8.3% during the first quarter, Holdings Channel reports. The firm owned 76,252 shares of the real estate investment trust’s stock after selling 6,893 shares during the period. Asset Management One Co. Ltd. owned approximately 0.21% of Silver Bay Realty Trust Corp worth $1,635,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hillsdale Investment Management Inc. purchased a new position in Silver Bay Realty Trust Corp during the first quarter valued at approximately $152,000. Gamco Investors INC. ET AL acquired a new stake in Silver Bay Realty Trust Corp during the first quarter valued at approximately $224,000. WFG Advisors LP increased its stake in Silver Bay Realty Trust Corp by 77,200.0% in the fourth quarter. WFG Advisors LP now owns 10,822 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 10,808 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Silver Bay Realty Trust Corp during the first quarter valued at approximately $241,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Silver Bay Realty Trust Corp during the fourth quarter valued at approximately $194,000. Institutional investors and hedge funds own 73.62% of the company’s stock.

Institutional Ownership by Quarter for Silver Bay Realty Trust Corp (NYSE:SBY)

Silver Bay Realty Trust Corp (NYSE SBY) remained flat at $21.49 during midday trading on Friday. 1,113,824 shares of the stock were exchanged. Silver Bay Realty Trust Corp has a 12-month low of $15.65 and a 12-month high of $21.85. The stock has a 50-day moving average price of $21.49 and a 200-day moving average price of $19.70.

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A number of research firms have issued reports on SBY. Zacks Investment Research downgraded Silver Bay Realty Trust Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $21.50 price objective on shares of Silver Bay Realty Trust Corp in a report on Thursday, March 2nd. JMP Securities downgraded Silver Bay Realty Trust Corp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 28th. Finally, Credit Suisse Group began coverage on Silver Bay Realty Trust Corp in a research report on Monday, February 27th. They set a “neutral” rating and a $19.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, Silver Bay Realty Trust Corp presently has a consensus rating of “Hold” and an average target price of $20.70.

About Silver Bay Realty Trust Corp

Silver Bay Realty Trust Corp. is a real estate investment trust. It focuses on the acquisition, renovation, leasing and management of single-family properties in select markets in the United States. As of December 31, 2016, it had owned 9,044 single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio, South Carolina and Texas.

Want to see what other hedge funds are holding SBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silver Bay Realty Trust Corp (NYSE:SBY).

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