Shares of Bluerock Residential Growth REIT Inc (NYSE:BRG) have been given a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $15.00 for the company and are anticipating that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Bluerock Residential Growth REIT an industry rank of 115 out of 265 based on the ratings given to related companies.
Several brokerages have recently commented on BRG. FBR & Co restated a “buy” rating on shares of Bluerock Residential Growth REIT in a research note on Saturday, October 8th. JMP Securities began coverage on Bluerock Residential Growth REIT in a research note on Thursday, July 21st. They set an “outperform” rating and a $16.00 price target on the stock.
In other news, insider Christopher J. Vohs acquired 2,500 shares of Bluerock Residential Growth REIT stock in a transaction dated Thursday, September 22nd. The stock was purchased at an average cost of $13.26 per share, for a total transaction of $33,150.00. Following the completion of the purchase, the insider now directly owns 500 shares in the company, valued at approximately $6,630. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Bluerock Residential Growth REIT (NYSE:BRG) opened at 12.60 on Friday. The firm has a 50-day moving average price of $12.89 and a 200-day moving average price of $12.46. The stock’s market cap is $246.52 million. Bluerock Residential Growth REIT has a 12 month low of $9.06 and a 12 month high of $14.79.
Bluerock Residential Growth REIT (NYSE:BRG) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.11 by $0.10. The firm had revenue of $18.40 million for the quarter, compared to analysts’ expectations of $18.08 million. Equities research analysts expect that Bluerock Residential Growth REIT will post $0.37 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Friday, November 4th. Stockholders of record on Tuesday, October 25th will be paid a $0.0967 dividend. The ex-dividend date is Friday, October 21st.
About Bluerock Residential Growth REIT
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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