Shares of Bluerock Residential Growth REIT Inc (NYSE:BRG) have earned a consensus broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and three have given a strong buy rating to the company. Bluerock Residential Growth REIT’s rating score has improved by 10.2% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a 1-year consensus price target of $13.33 for the company and are forecasting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Bluerock Residential Growth REIT an industry rank of 177 out of 265 based on the ratings given to its competitors.

BRG has been the subject of several research reports. Zacks Investment Research lowered Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Compass Point lowered Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.50 to $11.00 in a report on Monday. FBR & Co reissued an “outperform” rating and set a $15.00 price objective on shares of Bluerock Residential Growth REIT in a report on Tuesday, July 11th. Finally, TheStreet raised Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a report on Thursday, June 1st.

Bluerock Residential Growth REIT (NYSE BRG) opened at 10.68 on Thursday. Bluerock Residential Growth REIT has a 52 week low of $9.93 and a 52 week high of $14.79. The stock’s 50 day moving average price is $12.92 and its 200 day moving average price is $12.70. The company’s market capitalization is $258.36 million.

The company also recently disclosed a monthly dividend, which was paid on Friday, August 4th. Shareholders of record on Tuesday, July 25th were issued a dividend of $0.0967 per share. This represents a $1.16 annualized dividend and a yield of 10.86%. The ex-dividend date was Friday, July 21st.

Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in Bluerock Residential Growth REIT by 1.5% in the second quarter. Rhumbline Advisers now owns 30,375 shares of the company’s stock worth $392,000 after buying an additional 459 shares during the last quarter. Bank of New York Mellon Corp raised its position in Bluerock Residential Growth REIT by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 212,097 shares of the company’s stock worth $2,734,000 after buying an additional 1,500 shares during the last quarter. Russell Investments Group Ltd. raised its position in Bluerock Residential Growth REIT by 2.9% in the second quarter. Russell Investments Group Ltd. now owns 95,111 shares of the company’s stock worth $1,226,000 after buying an additional 2,671 shares during the last quarter. Victory Capital Management Inc. raised its position in Bluerock Residential Growth REIT by 4.8% in the second quarter. Victory Capital Management Inc. now owns 80,428 shares of the company’s stock worth $1,037,000 after buying an additional 3,670 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its position in Bluerock Residential Growth REIT by 2.2% in the second quarter. Kennedy Capital Management Inc. now owns 245,170 shares of the company’s stock worth $3,160,000 after buying an additional 5,204 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Bluerock Residential Growth REIT Inc (BRG) Receives Average Rating of “Buy” from Brokerages” was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/bluerock-residential-growth-reit-inc-brg-receives-average-rating-of-buy-from-brokerages/1467398.html.

Bluerock Residential Growth REIT Company Profile

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