Bluerock Residential Growth REIT Inc (NYSE:BRG) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 560,731 shares, a growth of 12.1% from the August 31st total of 500,140 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 147,503 shares, the short-interest ratio is currently 3.8 days.
Shares of Bluerock Residential Growth REIT (NYSE:BRG) opened at 13.00 on Friday. The company’s market cap is $254.35 million. The company has a 50-day moving average of $13.35 and a 200-day moving average of $12.32. Bluerock Residential Growth REIT has a 1-year low of $9.06 and a 1-year high of $14.79.
Bluerock Residential Growth REIT (NYSE:BRG) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.11 by $0.10. The business had revenue of $18.40 million for the quarter, compared to the consensus estimate of $18.08 million. Equities analysts forecast that Bluerock Residential Growth REIT will post $0.37 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.0967 per share. The ex-dividend date of this dividend is Wednesday, September 21st.
A number of research firms recently weighed in on BRG. FBR & Co reissued an “outperform” rating and issued a $15.00 target price (up previously from $14.00) on shares of Bluerock Residential Growth REIT in a research note on Wednesday, August 10th. JMP Securities began coverage on shares of Bluerock Residential Growth REIT in a research note on Thursday, July 21st. They issued an “outperform” rating and a $16.00 target price on the stock.
In related news, insider Christopher J. Vohs acquired 2,500 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was acquired at an average price of $13.26 per share, with a total value of $33,150.00. Following the completion of the transaction, the insider now owns 500 shares of the company’s stock, valued at $6,630. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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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