Bluerock Residential Growth REIT Inc Announces Dividend of $0.10 (BRG)
Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) announced a dividend on Monday, January 9th. Investors of record on Friday, February 24th will be given a dividend of 0.0967 per share on Friday, March 3rd. The ex-dividend date of this dividend is Wednesday, February 22nd.
Shares of Bluerock Residential Growth REIT (NYSEMKT:BRG) opened at 13.56 on Friday. The company’s market capitalization is $265.31 million. Bluerock Residential Growth REIT has a 1-year low of $9.10 and a 1-year high of $14.79. The company’s 50 day moving average price is $13.29 and its 200-day moving average price is $13.08.
BRG has been the topic of several recent analyst reports. Zacks Investment Research downgraded Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, January 25th. JMP Securities reiterated a “buy” rating on shares of Bluerock Residential Growth REIT in a research note on Wednesday, November 9th. DA Davidson reiterated a “buy” rating on shares of Bluerock Residential Growth REIT in a research note on Tuesday, November 8th. Finally, FBR & Co downgraded Bluerock Residential Growth REIT from an “outperform” rating to a “market perform” rating and cut their target price for the company from $15.00 to $14.00 in a research note on Wednesday, January 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $14.17.
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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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