Bluerock Residential Growth REIT Inc (BRG) Earns “Buy” Rating from FBR & Co
Bluerock Residential Growth REIT Inc (NYSE:BRG)‘s stock had its “buy” rating reaffirmed by analysts at FBR & Co in a research note issued on Saturday.
Separately, JMP Securities began coverage on Bluerock Residential Growth REIT in a report on Thursday, July 21st. They issued an “outperform” rating and a $16.00 price objective for the company.
Shares of Bluerock Residential Growth REIT (NYSE:BRG) traded down 0.66% during midday trading on Friday, reaching $12.00. 86,238 shares of the company traded hands. Bluerock Residential Growth REIT has a 1-year low of $9.06 and a 1-year high of $14.79. The stock’s 50-day moving average is $13.15 and its 200-day moving average is $12.37. The stock’s market capitalization is $234.78 million.
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Bluerock Residential Growth REIT (NYSE:BRG) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The business earned $18.40 million during the quarter, compared to the consensus estimate of $18.08 million. Equities analysts predict that Bluerock Residential Growth REIT will post $0.37 EPS for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Wednesday, October 5th. Stockholders of record on Friday, September 23rd were issued a $0.0967 dividend. The ex-dividend date of this dividend was Wednesday, September 21st.
In other news, insider Christopher J. Vohs acquired 2,500 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was acquired at an average price of $13.26 per share, for a total transaction of $33,150.00. Following the completion of the acquisition, the insider now directly owns 500 shares in the company, valued at approximately $6,630. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Bluerock Residential Growth REIT Company Profile
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company’s business consists of investing in and operating multifamily communities. The Company operates through real estate assets segment. Its businesses are conducted through its operating partnership, Bluerock Residential Holdings, L.P.
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