TIAA CREF Investment Management LLC Sells 41,149 Shares of Silver Bay Realty Trust Corp (NYSE:SBY)

TIAA CREF Investment Management LLC lowered its position in Silver Bay Realty Trust Corp (NYSE:SBY) by 18.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 186,716 shares of the real estate investment trust’s stock after selling 41,149 shares during the period. TIAA CREF Investment Management LLC owned 0.53% of Silver Bay Realty Trust Corp worth $4,009,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Marquette Asset Management Inc. acquired a new stake in shares of Silver Bay Realty Trust Corp during the first quarter worth about $262,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Silver Bay Realty Trust Corp during the first quarter valued at $2,604,000. American International Group Inc. increased its position in Silver Bay Realty Trust Corp by 6.9% in the first quarter. American International Group Inc. now owns 20,447 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 1,325 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Silver Bay Realty Trust Corp during the first quarter valued at $9,081,000. Finally, Great West Life Assurance Co. Can increased its position in Silver Bay Realty Trust Corp by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 23,420 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 839 shares in the last quarter. 73.62% of the stock is owned by hedge funds and other institutional investors.

Silver Bay Realty Trust Corp (NYSE:SBY) opened at 21.49 on Friday. Silver Bay Realty Trust Corp has a 52-week low of $15.65 and a 52-week high of $21.85. The firm has a 50-day moving average price of $21.49 and a 200 day moving average price of $20.84.

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Separately, Zacks Investment Research downgraded Silver Bay Realty Trust Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $21.13.

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.

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

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