Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,273,157 shares, a decline of 2.7% from the November 15th total of 1,309,158 shares. Based on an average daily trading volume, of 146,888 shares, the days-to-cover ratio is presently 8.7 days. Approximately 5.3% of the company’s shares are short sold.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) opened at $10.22 on Monday. Bluerock Residential Growth REIT has a 12-month low of $9.68 and a 12-month high of $14.14. The company has a debt-to-equity ratio of 2.47, a quick ratio of 304.45 and a current ratio of 304.45.

The business also recently announced a dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.0967 per share. The ex-dividend date of this dividend is Thursday, December 21st. Bluerock Residential Growth REIT’s payout ratio is currently -362.50%.

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.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. grew 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 valued at $184,000 after purchasing an additional 6,438 shares during the period. Kalos Management Inc. acquired a new position in shares of Bluerock Residential Growth REIT in the 3rd quarter valued at approximately $298,000. Janney Montgomery Scott LLC grew 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 valued at $566,000 after purchasing an additional 10,898 shares during the period. Finally, EJF Capital LLC grew 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 valued at $940,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 34.46% of the company’s stock.

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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.

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