Mar 24, 2016 one of my favorite longterm ideas is singlefamily reits and silver bay realty trust sby, one of my favorite longterm singlefamily reits, is in the book value buyback portfolio right now. According to the complaint, on february 27, 2017, silver bay and tricon capital group, inc. Dec 03, 2015 the dealmaking, however, comes as much of the optimism of single family rental stocks has faded. Tricon announced that they had entered into a definitive agreement merger agreement under which tricon will acquire all of the outstanding shares of silver bay in. Home homepage membership levels general discussion complete stock list value investing forum value conference the book podcast membership data. Silver bay realty trust corp fundamentals and key ratios. Information on acquisition, funding, investors, and executives for silver bay realty trust. Silver bay stock distribution helps, but not enough to buy. View sbys stock price, price target, dividend, earnings, financials, forecast. Formed a new publicly traded reit, silver bay realty trust corp. For financial reporting, their fiscal year ends on december 31st. Silver bay realty trust sby earnings report, financial.
Return on book value is defined as the increase decrease in book value per common share from the beginning to the end of the given period. Silver bay, mn real estate silver bay homes for sale. Tricon capital group completes acquisition of silver bay. Tricon capital group to acquire silver bay realty trust. Sby or silver bay, or the company, today announced its financial results for the quarter ended september 30, 2014. Wall street seems willing to wager on the prospect of a superior offer for silver bay. Silver bay realty trust s ebitda for the trailing twelve months ttm ended in dec.
Silver bay realty trust corp financial information, fundamentals, key ratios, market capitalization, shares outstanding, float, and short interest. Silver bay realty trust corp is primarely in the business of real estate investment trusts. Book value is the only place i believe sby can actually justify a valuation anywhere close to its current level. Tricon capital group to acquire silver bay realty trust corp. Tcn, a principal investor and asset manager focused on the residential real estate industry, announced today that it has entered into an agreement to acquire silver bay realty trust corp. Silver bay realty trust general information description. Sharon monaghan accounting consultant western technology. Therefore, silver bay realty trust s evtoebitda ratio for today is. A highlevel overview of silver bay realty trust corp. Director of property management accounting, silver bay, minneapolis, mn, february 20 novemb.
Realtime price updates for silver bay realty trust corp sbyn. Silver bay realty trust quarterly earnings report, income, cash flow, balance sheets, at a glance, sales growth by division. Sby sby or the company in connection with the proposed acquisition of the company by tricon capital group. Etfs holding sby silver bay realty trust corp etf channel. See pricing and listing details of silver bay real estate for sale. Silver bay realty trust corp market multiple valuation. Silver bay realty trust corp stock rating and data. The book value of the company would be based on their initial purchase price of the. Big money in rentals lastly, we have the relatively new residential real estate investment trust silver bay realty. Silver bay realty trust is a reit recently formed to acquire, renovate and lease out single family homes with an eye towards dividends first and capital appreciation second. Silver bay realty trust is a reit focused on buying, renovating, and renting out singlefamily homes. Dec 31, 2012 the big test will be if silver bay realtys man ager, prc m realty trust llc, has the ability to turn around the core portfolios vacancy of 68%.
Silver bay realty trust corp stocks price quote with latest realtime prices, charts, financials, latest news, technical analysis and opinions. Triconsilver bay merger to see 2nd legal investigation. Silver bay is committed to increasing cash flow generation and growing our net asset value in order to maximize shareholder value. Silver bay is focused on the acquisition, renovation, leasing, and management of sfr properties in select markets in. Weisslaw llp is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of silver bay realty trust corp nyse. Silver bay realty trust corp market multiple valuation sby. Prospects for new reit silver bay realty trust nyse. Silver bay realty trust corp sbyn quote the globe and mail. The companys real estate investment services are focused on the acquisition, renovation, leasing and management of singlefamily properties for rental income and longterm capital appreciation enabling their stockholders avail a. Sby sby or the company in connection with the proposed acquisition of the company by tricon capital group inc. Silver bay, headquartered in plymouth, minnesota, is a publiclytraded singlefamily rental real estate investment trust listed on the new york stock exchange under the ticker symbol sby. Silver bay realty trust corp acquisition may not be in the. Silver bay realty trust corp 3300 fernbrook lane north suite 210 plymouth mn 55447 usa.
Sep 23, 2014 with the recent dividend hike and the move away from the unacceptable expense structure, silver bay realty trust. It was formed in december 2012 as a partial spinoff of single family homes from two harbors investment corp two, a mortgage reit managed by pine river, and a portfolio. With the recent dividend hike and the move away from the unacceptable expense structure, silver bay realty trust. In depth view into silver bay realty trust book value per share explanation, calculation, historical data and more. New yorkbusiness wire silver bay realty trust corp. Provider of real estate investment services intended to develop real estate and singlefamily properties.
News about silver bay realty trust corporation, including commentary and archival articles published in the new york times. May 09, 2017 for more information on the acquisition, please refer to the companys press release issued on february 27, 2017 entitled tricon capital group to acquire silver bay realty trust corp. Evtorevenue is calculated as enterprise value divided by its revenue. Home homepage membership levels general discussion complete stock list value investing forum value conference the book podcast membership data coverage founders message free trial. Sby the company or silver bay today announced its financial results for the quarter ended december 31, 2015. Dec 04, 2015 the trend toward consolidation in the singlefamily home rental space began in earnest this year with silver bay realty trust buying 2,400 homes from a smaller firm, the american home, which is. Silver bay real estate silver bay mn homes for sale zillow. Company profile page for silver bay realty trust corp including stock price, company news, press releases, executives, board members, and contact. A tricon american homes home available for rent in columbia, s.
Silver bay realty trust corporation the new york times. Shares in the likes of american homes 4 rent, silver bay and american residential have dramatically. Silver bay realty trust corp stock rating and analysis. Wall streets landlord boom turns into a merger frenzy as. Purchase price represents 19% premium to february 24, 2017 closing price of. Silver bay realty trust corp company profile and news. The company valuation of silver bay realty trust corp. American homes 4 rent to merge with rival the new york times. Investor relations overview investor presentations investor fact book news releases quarterly. Feb 27, 2017 silver bay, headquartered in plymouth, minnesota, is a publiclytraded singlefamily rental real estate investment trust listed on the new york stock exchange under the ticker symbol sby. Research reports coverage on reit stocks capstead mortgage. Find out how silver bay realty trust corp sby is performing against its competitors. Silver bay realty trust corp financial data sec, analysis. With rising housing prices in the key cities of phoenix and las vegas, the company could have a.
Silver bay, ny real estate silver bay homes for sale. Back on march 18th, two harbors investment announced plans to distribute the 17. Sep 11, 2012 silver bay realty trust corp filed with u. Silver bay realty trust corp stocks price quote with latest realtime prices. A financial ratio used to compare a companys current market price to its book value. Sby the company or silver bay today announced its financial results for the quarter ended june 30, 2015. Shares of silver bay realty trust, which focuses on the acquisition, renovation, leasing and management of singlefamily properties for rental. Ability to analyze and value financial and investor reporting for a variety of industries. Silver bay realty trust is a real estate investment trust.
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