Bluerock Residential Growth REIT Inc (BRG) Lowered to Sell at Zacks Investment Research
Bluerock Residential Growth REIT Inc (NYSE:BRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.
According to Zacks, “Bluerock Residential Growth REIT, Inc. operates as a real estate investment trust. It acquires apartment properties in demographically attractive growth markets throughout the United States. Bluerock Residential Growth REIT, Inc. is based in New York. “
Separately, TheStreet upgraded Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a research note on Thursday, June 1st.
Shares of Bluerock Residential Growth REIT (NYSE BRG) traded down 2.12% during midday trading on Monday, hitting $12.46. The stock had a trading volume of 121,386 shares. The company’s market capitalization is $301.42 million. Bluerock Residential Growth REIT has a one year low of $11.25 and a one year high of $14.77. The firm’s 50-day moving average is $12.83 and its 200 day moving average is $12.79.
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About Bluerock Residential Growth REIT
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company is focused on acquiring a portfolio of residential real estate assets. As of December 31, 2016, the Company’s portfolio consisted of interests in 31 properties (21 operating and 10 development properties). As of December 31, 2016, its properties contained an aggregate of 9,570 units, consisting of 6,972 operating units and 2,598 units under development.
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