Bluerock Residential Growth REIT Inc (BRG) Short Interest Up 0.0% in October

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,305,097 shares, a growth of 0.0% from the October 15th total of 1,304,495 shares. Based on an average daily trading volume, of 110,267 shares, the short-interest ratio is presently 11.8 days. Currently, 5.5% of the shares of the stock are short sold.

In related news, CIO James G. Babb III purchased 3,000 shares of the firm’s stock in a transaction dated Saturday, November 17th. The shares were purchased at an average price of $11.31 per share, with a total value of $33,930.00. Following the acquisition, the executive now directly owns 1,000 shares of the company’s stock, valued at $11,310. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Ramin Kamfar bought 1,386 shares of Bluerock Residential Growth REIT stock in a transaction that occurred on Wednesday, August 22nd. The shares were acquired at an average cost of $21.56 per share, for a total transaction of $29,882.16. The disclosure for this purchase can be found here. Insiders bought a total of 6,386 shares of company stock worth $85,992 in the last three months. Insiders own 4.96% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in BRG. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Bluerock Residential Growth REIT by 117.1% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,415 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 8,314 shares during the last quarter. BRYN MAWR TRUST Co purchased a new stake in Bluerock Residential Growth REIT during the 2nd quarter valued at $148,000. Capital Investment Advisory Services LLC purchased a new stake in Bluerock Residential Growth REIT during the 3rd quarter valued at $250,000. Teachers Insurance & Annuity Association of America boosted its position in Bluerock Residential Growth REIT by 24.8% during the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 30,596 shares of the financial services provider’s stock valued at $273,000 after buying an additional 6,087 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Bluerock Residential Growth REIT during the 2nd quarter valued at $648,000. 34.46% of the stock is currently owned by institutional investors.

BRG stock opened at $9.14 on Friday. Bluerock Residential Growth REIT has a 52 week low of $7.02 and a 52 week high of $11.75.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last released its earnings results on Monday, November 5th. The financial services provider reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.56). The company had revenue of $47.88 million for the quarter, compared to the consensus estimate of $46.14 million.

Several research firms recently commented on BRG. Zacks Investment Research raised shares of Bluerock Residential Growth REIT from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Boenning Scattergood reaffirmed a “buy” rating and set a $11.00 target price on shares of Bluerock Residential Growth REIT in a report on Tuesday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Bluerock Residential Growth REIT has a consensus rating of “Buy” and a consensus target price of $11.50.

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Bluerock Residential Growth REIT Company Profile

Bluerock Residential Growth REIT, Inc (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice.

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