Bluerock Residential Growth REIT Inc (BRG) Short Interest Up 7.7% in September
Bluerock Residential Growth REIT Inc (NYSE:BRG) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 603,948 shares, an increase of 7.7% from the September 15th total of 560,731 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 100,393 shares, the days-to-cover ratio is presently 6.0 days.
Bluerock Residential Growth REIT (NYSE:BRG) opened at 11.98 on Wednesday. The company has a 50-day moving average price of $13.06 and a 200 day moving average price of $12.40. The company’s market capitalization is $234.39 million. Bluerock Residential Growth REIT has a 52-week low of $9.06 and a 52-week high of $14.79.
Bluerock Residential Growth REIT (NYSE:BRG) last announced its quarterly earnings data 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 firm earned $18.40 million during the quarter, compared to the consensus estimate of $18.08 million. Equities research analysts anticipate that Bluerock Residential Growth REIT will post $0.37 earnings per share for the current year.
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In related news, insider Christopher J. Vohs purchased 2,500 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were purchased at an average cost 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 approximately $6,630. The purchase was disclosed in a document filed with the SEC, which is available through this link.
A number of analysts have recently commented on BRG shares. FBR & Co reissued a “buy” rating on shares of Bluerock Residential Growth REIT in a research report on Saturday. JMP Securities initiated coverage on Bluerock Residential Growth REIT in a research report on Thursday, July 21st. They issued an “outperform” rating and a $16.00 price objective on the stock.
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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