Bluerock Residential Growth REIT Inc (NYSE:BRG) Expected to Announce Earnings of $0.06 Per Share
Wall Street brokerages forecast that Bluerock Residential Growth REIT Inc (NYSE:BRG) will announce earnings per share (EPS) of $0.06 for the current quarter, Zacks reports. Four analysts have made estimates for Bluerock Residential Growth REIT’s earnings. Bluerock Residential Growth REIT reported earnings of $0.22 per share during the same quarter last year, which would indicate a negative year over year growth rate of 72.7%. The firm is expected to announce its next earnings results on Thursday, November 10th.
According to Zacks, analysts expect that Bluerock Residential Growth REIT will report full-year earnings of $0.00 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.00 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Bluerock Residential Growth REIT.
Bluerock Residential Growth REIT (NYSE:BRG) last released its quarterly earnings data on Monday, August 8th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The business had revenue of $18.40 million for the quarter, compared to analysts’ expectations of $18.08 million.
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Several equities analysts have commented on BRG shares. FBR & Co raised their price objective on Bluerock Residential Growth REIT from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, July 14th. JMP Securities started coverage on Bluerock Residential Growth REIT in a research report on Thursday, July 21st. They set an “outperform” rating and a $16.00 price objective for the company.
Bluerock Residential Growth REIT (NYSE:BRG) traded up 0.67% during midday trading on Monday, reaching $12.08. 15,920 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $13.15 and its 200-day moving average price is $12.37. Bluerock Residential Growth REIT has a one year low of $9.06 and a one year high of $14.79. The stock’s market cap is $236.35 million.
In related news, insider Christopher J. Vohs purchased 2,500 shares of the stock in a transaction dated Thursday, September 22nd. The stock was purchased at an average price of $13.26 per share, with a total value of $33,150.00. Following the transaction, the insider now directly owns 500 shares in the company, valued at $6,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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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