Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Silver Bay Realty Trust Corp (SBY) Share Price
Press coverage about Silver Bay Realty Trust Corp (NYSE:SBY) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Silver Bay Realty Trust Corp earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.3778897735182 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, Zacks Investment Research cut Silver Bay Realty Trust Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Five equities research analysts have rated the stock with a hold rating, Silver Bay Realty Trust Corp currently has a consensus rating of “Hold” and an average target price of $21.13.
Shares of Silver Bay Realty Trust Corp (NYSE:SBY) opened at 21.49 on Tuesday. Silver Bay Realty Trust Corp has a 12-month low of $15.65 and a 12-month high of $21.85. The company’s 50-day moving average price is $21.49 and its 200 day moving average price is $20.97.
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Silver Bay Realty Trust Corp Company Profile
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.
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