Silver Bay Realty Trust Corp. (NYSE:SBY) Updates On Dividend Release Date


On 2016-06-21, Silver Bay Realty Trust Corp. (NYSE:SBY) confirmed the dividend disbursement of $0.13 a share to shareholders as on record 2016-07-01. The firm will release dividend on 2016-07-15 while ex-dividend date is reported to be 2016-06-29.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Silver Bay Realty Trust Corp. (NYSE:SBY) paid a total of $0.13 per share in dividends. This figure stood at $0.13 a share in the same period a year ago indicating a deviation of 187.5%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $17 on the stock. This figure is the average of recommendations offered by 2 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $19 and $15, respectively.

Taking the mathematical rating formula, the price for Silver Bay Realty Trust Corp. (NYSE:SBY) stands at 3.25. Earnings Review Silver Bay Realty Trust Corp. (NYSE:SBY) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-02. For the period ending on 2016-09-30, experts are expecting EPS of $0.22.

Coming to the quarter ending on 2015-12-31, Silver Bay Realty Trust Corp. (NYSE:SBY) recorded EPS of $0.21. The reported numbers came lower than the analysts’ estimates of $0.2, demonstrating a miss of $0.01 as against reported figures.

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