Bluerock Residential Growth REIT Inc (NYSE:BRG) was the target of a significant increase in short interest during the month of October. As of October 13th, there was short interest totalling 733,262 shares, an increase of 16.5% from the September 29th total of 629,172 shares. Based on an average trading volume of 196,816 shares, the short-interest ratio is presently 3.7 days. Currently, 3.0% of the company’s shares are sold short.

Several equities analysts recently issued reports on the company. Northland Securities reiterated a “buy” rating and issued a $14.25 price target on shares of Bluerock Residential Growth REIT in a report on Tuesday. Zacks Investment Research upgraded Bluerock Residential Growth REIT from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, July 13th. FBR & Co reiterated an “outperform” rating and issued a $15.00 price target on shares of Bluerock Residential Growth REIT in a report on Tuesday, July 11th. Finally, Compass Point cut Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating and decreased their price target for the company from $16.50 to $11.00 in a report on Monday, August 7th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Bluerock Residential Growth REIT has an average rating of “Buy” and a consensus price target of $13.81.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRG. Harbour Capital Advisors LLC grew its position in shares of Bluerock Residential Growth REIT by 1,189.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 122,455 shares of the company’s stock valued at $9,500,000 after buying an additional 112,955 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Bluerock Residential Growth REIT by 10.4% in the 2nd quarter. Vanguard Group Inc. now owns 951,715 shares of the company’s stock valued at $12,267,000 after buying an additional 89,432 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Bluerock Residential Growth REIT by 75.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 135,862 shares of the company’s stock valued at $1,751,000 after buying an additional 58,606 shares during the last quarter. State Street Corp grew its position in shares of Bluerock Residential Growth REIT by 13.4% in the 2nd quarter. State Street Corp now owns 439,509 shares of the company’s stock valued at $5,664,000 after buying an additional 51,988 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Bluerock Residential Growth REIT by 15.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 299,886 shares of the company’s stock valued at $3,866,000 after buying an additional 40,439 shares during the last quarter.

Bluerock Residential Growth REIT (NYSE:BRG) traded down 0.37% during trading on Tuesday, reaching $11.58. The company had a trading volume of 222,537 shares. Bluerock Residential Growth REIT has a 12-month low of $9.68 and a 12-month high of $14.77. The firm has a market capitalization of $280.14 million and a PE ratio of 100.70. The firm’s 50 day moving average price is $10.88 and its 200 day moving average price is $11.99.

The business also recently declared a monthly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a $0.0967 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.02%.

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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.

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