In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Silver Bay Realty Trust Corp. (NYSE:SBY) reported that Kessler Irvin R has picked up 2,307,518 of common stock as of 2017-03-14.
The acquisition brings the aggregate amount owned by Kessler Irvin R to a total of 2,307,518 representing a 6.5% stake in the company.
For those not familiar with the company, Silver Bay Realty Trust Corp. is an internally managed real estate investment trust. The Company is focused on the acquisition, renovation, leasing and management of single-family properties in certain markets in the United States. The Company owns approximately 9,020 single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio, South Carolina and Texas. The Company conducts its business and owns its properties through Silver Bay Operating Partnership L.P. (the Operating Partnership). The Company’s properties are located in various markets, such as Atlanta, Phoenix, Tampa, Dallas, Orlando, Jacksonville, Las Vegas, Tucson, Southeast Florida, Northern California and Southern California. The Southeast Florida market consists of Miami-Dade, Broward and Palm Beach counties. The Northern California market consists of Contra Costa, Napa and Solano counties. The Southern California market consists of Riverside and San Bernardino counties.
A glance at Silver Bay Realty Trust Corp. (NYSE:SBY)’s key stats reveals a current market capitalization of 762.29 Million based on 35.47 Million shares outstanding and a price at last close of $21.47 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-02-27, Siering picked up 10,000 at a purchase price of $15.75. This brings their total holding to 55,260 as of the date of the filing.
On the sell side, the most recent transaction saw Siering unload 4,208 shares at a sale price of $16.28. This brings their total holding to 45,260.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Silver Bay Realty Trust Corp. (NYSE:SBY) as things move forward to see if its progress aligns with these transactions.
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