Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Bluerock Residential Growth REIT, Inc. operates as a real estate investment trust. It acquires apartment properties in demographically attractive growth markets throughout the United States. Bluerock Residential Growth REIT, Inc. is based in New York. “

Separately, Janney Montgomery Scott lowered Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 12th.

Shares of Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) traded down $0.27 during trading on Tuesday, reaching $9.24. The company’s stock had a trading volume of 727,700 shares, compared to its average volume of 379,471. The company has a debt-to-equity ratio of 2.47, a current ratio of 304.45 and a quick ratio of 304.45. The stock has a market capitalization of $230.21, a price-to-earnings ratio of -28.88 and a beta of 0.72. Bluerock Residential Growth REIT has a fifty-two week low of $9.16 and a fifty-two week high of $13.94.

Institutional investors and hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Bluerock Residential Growth REIT by 63.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,652 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 6,438 shares during the last quarter. Kalos Management Inc. purchased a new position in shares of Bluerock Residential Growth REIT in the 3rd quarter worth about $298,000. Janney Montgomery Scott LLC raised its position in shares of Bluerock Residential Growth REIT by 27.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 51,198 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 10,898 shares during the last quarter. Finally, EJF Capital LLC raised its position in shares of Bluerock Residential Growth REIT by 21.4% in the 3rd quarter. EJF Capital LLC now owns 85,000 shares of the financial services provider’s stock worth $940,000 after purchasing an additional 15,000 shares during the last quarter. 34.46% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/bluerock-residential-growth-reit-brg-cut-to-sell-at-zacks-investment-research/1802975.html.

About Bluerock Residential Growth REIT

Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company is focused on acquiring a portfolio of residential real estate assets. As of December 31, 2016, the Company’s portfolio consisted of interests in 31 properties (21 operating and 10 development properties). As of December 31, 2016, its properties contained an aggregate of 9,570 units, consisting of 6,972 operating units and 2,598 units under development.

Get a free copy of the Zacks research report on Bluerock Residential Growth REIT (BRG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bluerock Residential Growth REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bluerock Residential Growth REIT and related companies with MarketBeat.com's FREE daily email newsletter.