Bluerock Residential Growth REIT Inc (BRG) Short Interest Up 11.5% in January

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,853,414 shares, an increase of 11.5% from the January 12th total of 1,662,372 shares. Approximately 7.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 368,528 shares, the short-interest ratio is presently 5.0 days.

BRG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Janney Montgomery Scott lowered shares of Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 12th.

Several hedge funds have recently made changes to their positions in BRG. EJF Capital LLC lifted its position 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 in the last quarter. Kalos Management Inc. acquired a new position in shares of Bluerock Residential Growth REIT during the third quarter worth approximately $298,000. Ladenburg Thalmann Financial Services Inc. lifted its position 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 in the last quarter. Janney Montgomery Scott LLC lifted its position 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 in the last quarter. Finally, RMR Advisors LLC lifted its position in shares of Bluerock Residential Growth REIT by 9.7% during the fourth quarter. RMR Advisors LLC now owns 350,884 shares of the financial services provider’s stock worth $3,547,000 after purchasing an additional 30,884 shares in the last quarter. Institutional investors own 34.46% of the company’s stock.

Bluerock Residential Growth REIT (NYSEAMERICAN BRG) traded up $0.09 during trading hours on Friday, reaching $7.33. 454,086 shares of the company’s stock were exchanged, compared to its average volume of 425,625. The firm has a market capitalization of $192.69, a price-to-earnings ratio of -22.91 and a beta of 0.44. Bluerock Residential Growth REIT has a 52-week low of $7.12 and a 52-week high of $13.94. 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 (NYSEAMERICAN:BRG) last announced its earnings results on Tuesday, November 7th. The financial services provider reported ($0.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.42). Bluerock Residential Growth REIT had a return on equity of 30.92% and a net margin of 128.54%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 23rd will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 8.87%. Bluerock Residential Growth REIT’s payout ratio is -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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