Bluerock Residential Growth REIT Inc (NYSE:BRG) has earned an average broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and three have issued a strong buy rating on the company. Bluerock Residential Growth REIT’s rating score has improved by 10.2% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a one year consensus price objective of $13.33 for the company and are anticipating that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given Bluerock Residential Growth REIT an industry rank of 169 out of 265 based on the ratings given to its competitors.

A number of research analysts have recently commented on the stock. Compass Point lowered shares of Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating and reduced their price target for the company from $16.50 to $11.00 in a research report on Monday, August 7th. FBR & Co restated an “outperform” rating and set a $15.00 price target on shares of Bluerock Residential Growth REIT in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. TheStreet upgraded shares of Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a research report on Thursday, June 1st. Finally, Northland Securities restated a “buy” rating and set a $14.85 price target on shares of Bluerock Residential Growth REIT in a research report on Tuesday, September 5th.

Shares of Bluerock Residential Growth REIT (NYSE:BRG) opened at 10.26 on Friday. The firm has a market cap of $248.21 million and a P/E ratio of 89.22. The firm has a 50 day moving average price of $11.23 and a 200-day moving average price of $12.27. Bluerock Residential Growth REIT has a one year low of $9.68 and a one year high of $14.79.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Monday, September 25th will be given a dividend of $0.0967 per share. This is a positive change from Bluerock Residential Growth REIT’s previous monthly dividend of $0.10. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date of this dividend is Friday, September 22nd.

TRADEMARK VIOLATION WARNING: “Zacks: Bluerock Residential Growth REIT Inc (BRG) Given Consensus Rating of “Buy” by Brokerages” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/09/10/zacks-bluerock-residential-growth-reit-inc-brg-given-consensus-rating-of-buy-by-brokerages.html.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Bluerock Residential Growth REIT by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 30,375 shares of the company’s stock valued at $392,000 after purchasing an additional 459 shares in the last quarter. Bank of New York Mellon Corp grew its position in Bluerock Residential Growth REIT by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 212,097 shares of the company’s stock worth $2,734,000 after acquiring an additional 1,500 shares in the last quarter. Wells Fargo & Company MN grew its position in Bluerock Residential Growth REIT by 9.8% in the second quarter. Wells Fargo & Company MN now owns 24,733 shares of the company’s stock worth $318,000 after acquiring an additional 2,215 shares in the last quarter. D.A. Davidson & CO. grew its position in Bluerock Residential Growth REIT by 2.1% in the second quarter. D.A. Davidson & CO. now owns 110,898 shares of the company’s stock worth $1,429,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Bluerock Residential Growth REIT by 2.9% in the second quarter. Russell Investments Group Ltd. now owns 95,111 shares of the company’s stock worth $1,226,000 after acquiring an additional 2,671 shares in the last quarter.

Bluerock Residential Growth REIT Company Profile

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.

Get a free copy of the Zacks research report on Bluerock Residential Growth REIT (BRG)

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.