Brokerages Expect Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) Will Announce Quarterly Sales of $53.53 Million

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Wall Street analysts forecast that Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) will report $53.53 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s earnings, with the lowest sales estimate coming in at $50.80 million and the highest estimate coming in at $55.62 million. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) reported sales of $47.88 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The business is scheduled to report its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) will report full-year sales of $212.33 million for the current year, with estimates ranging from $206.12 million to $216.66 million. For the next year, analysts expect that the firm will report sales of $235.08 million, with estimates ranging from $215.09 million to $265.33 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN).

Separately, DA Davidson reissued a “buy” rating on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research note on Monday, July 29th.

Shares of NYSE:BRG traded up $0.17 during trading on Friday, hitting $12.16. 3,109 shares of the stock were exchanged, compared to its average volume of 146,186. The company has a fifty day simple moving average of $11.94. The company has a market capitalization of $261.33 million, a P/E ratio of 16.65 and a beta of 0.36. The company has a debt-to-equity ratio of 15.86, a quick ratio of 243.33 and a current ratio of 243.33. Bluerock Residential Growth REIT Inc Class A has a 12-month low of $8.19 and a 12-month high of $12.65.

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Wednesday, September 25th were paid a $0.162 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Tuesday, September 24th. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s payout ratio is currently 90.28%.

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) 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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