Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,273,157 shares, a drop of 2.7% from the November 15th total of 1,309,158 shares. Based on an average trading volume of 146,888 shares, the short-interest ratio is presently 8.7 days. Approximately 5.3% of the shares of the company are sold short.

Separately, Janney Montgomery Scott lowered shares of Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating in a research report on Tuesday.

Shares of Bluerock Residential Growth REIT (BRG) opened at $10.45 on Wednesday. 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 fifty-two week low of $9.68 and a fifty-two week high of $14.14.

The business also recently declared a monthly dividend, which was paid on Tuesday, December 5th. Investors of record on Friday, November 24th were issued a dividend of $0.097 per share. This represents a $1.16 annualized dividend and a dividend yield of 11.14%. The ex-dividend date was Wednesday, November 22nd. Bluerock Residential Growth REIT’s dividend payout ratio is presently -362.50%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. EJF Capital LLC lifted its holdings in shares of Bluerock Residential Growth REIT by 21.4% during the third quarter. EJF Capital LLC now owns 85,000 shares of the financial services provider’s stock worth $940,000 after purchasing an additional 15,000 shares during the period. Kalos Management Inc. acquired a new stake in shares of Bluerock Residential Growth REIT during the third quarter worth $298,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Bluerock Residential Growth REIT by 63.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,652 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 6,438 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Bluerock Residential Growth REIT by 27.0% during the third quarter. Janney Montgomery Scott LLC now owns 51,198 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 10,898 shares during the period. 34.46% of the stock is owned by hedge funds and other institutional investors.

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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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