Silver Bay Realty Trust (SBY) Shares Cross Below Book Value

In trading on Monday, shares of Silver Bay Realty Trust Corp (SBY) crossed below their last reported book value — defined as common shareholder equity per share — of $16.77, changing hands as low as $16.73 per share. Silver Bay Realty Trust Corp shares are currently trading off about 0.2% on the day. The chart below shows the one year performance of SBY shares, versus its 50 and 200 day moving averages:

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Silver Bay Realty Trust Corp Moving Averages Chart

Looking at the chart above, SBY's low point in its 52 week range is $14.65 per share, with $17.10 as the 52 week high point — that compares with a last trade of $16.90.

According to the ETF Finder at ETF Channel, SBY makes up 1.10% of the Guggenheim Spin-Off ETF ( CSD) which is trading lower by about 0.3% on the day Monday.

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