Short Interest in Bluerock Residential Growth REIT Inc (BRG) Grows By 58.6%
Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,163,063 shares, an increase of 58.6% from the October 13th total of 733,262 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average daily trading volume, of 287,311 shares, the short-interest ratio is currently 4.0 days.
Shares of Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) traded up $0.05 during trading hours on Monday, reaching $11.65. 189,000 shares of the company’s stock were exchanged, compared to its average volume of 271,193. The company has a debt-to-equity ratio of 2.47, a quick ratio of 304.45 and a current ratio of 304.45. Bluerock Residential Growth REIT has a one year low of $9.68 and a one year high of $14.77.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.097 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 9.99%. Bluerock Residential Growth REIT’s dividend payout ratio (DPR) is presently -362.50%.
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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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