Zacks: Bluerock Residential Growth REIT Inc (NYSE:BRG) Receives Average Recommendation of “Buy” from Analysts
Bluerock Residential Growth REIT Inc (NYSE:BRG) has received an average broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. Bluerock Residential Growth REIT’s rating score has declined by 11.3% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a 1-year consensus price target of $14.33 for the company and are anticipating that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Bluerock Residential Growth REIT an industry rank of 176 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently issued reports on the stock. FBR & Co reiterated an “outperform” rating and set a $15.00 price objective on shares of Bluerock Residential Growth REIT in a research report on Tuesday. Zacks Investment Research cut shares of Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a research report on Monday. Finally, TheStreet upgraded shares of Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a research report on Thursday, June 1st.
Bluerock Residential Growth REIT (NYSE BRG) traded up 1.77% during trading on Tuesday, reaching $12.68. 224,750 shares of the company’s stock were exchanged. Bluerock Residential Growth REIT has a 12-month low of $11.25 and a 12-month high of $14.77. The stock’s 50-day moving average is $12.83 and its 200-day moving average is $12.79.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/11/zacks-bluerock-residential-growth-reit-inc-nysebrg-receives-average-recommendation-of-buy-from-analysts.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bluerock Residential Growth REIT Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bluerock Residential Growth REIT Inc and related companies with MarketBeat.com's FREE daily email newsletter.