Bluerock Residential Growth REIT Inc (NYSE:BRG) insider Christopher J. Vohs acquired 2,500 shares of the stock in a transaction dated Thursday, September 22nd. The shares were bought at an average cost of $13.26 per share, with a total value of $33,150.00. Following the completion of the purchase, the insider now directly owns 500 shares in the company, valued at $6,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Bluerock Residential Growth REIT Inc (NYSE:BRG) opened at 13.24 on Wednesday. Bluerock Residential Growth REIT Inc has a 52 week low of $9.06 and a 52 week high of $14.79. The stock’s market capitalization is $259.04 million. The stock’s 50 day moving average is $13.39 and its 200 day moving average is $12.29.
Bluerock Residential Growth REIT (NYSE:BRG) last released its earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The company earned $18.40 million during the quarter, compared to analysts’ expectations of $18.08 million. Analysts anticipate that Bluerock Residential Growth REIT Inc will post $0.37 EPS for the current fiscal year.
The business also recently announced a dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Friday, September 23rd will be given a $0.0967 dividend. The ex-dividend date of this dividend is Wednesday, September 21st.
BRG has been the subject of several research reports. FBR & Co reissued an “outperform” rating and set a $15.00 price objective (up from $14.00) on shares of Bluerock Residential Growth REIT in a research note on Wednesday, August 10th. JMP Securities initiated coverage on shares of Bluerock Residential Growth REIT in a research note on Thursday, July 21st. They set an “outperform” rating and a $16.00 price objective for the company.
Bluerock Residential Growth REIT Company Profile
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company’s business consists of investing in and operating multifamily communities. The Company operates through real estate assets segment. Its businesses are conducted through its operating partnership, Bluerock Residential Holdings, L.P.
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