Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) Stock Holdings Increased by Invesco Ltd.

Invesco Ltd. increased its holdings in Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) by 60.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,511,670 shares of the financial services provider’s stock after purchasing an additional 567,705 shares during the quarter. Invesco Ltd. owned 5.72% of Bluerock Residential Growth REIT worth $15,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its holdings in shares of Bluerock Residential Growth REIT by 10.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,165,501 shares of the financial services provider’s stock worth $22,023,000 after purchasing an additional 208,610 shares in the last quarter. Kennedy Capital Management Inc. increased its position in shares of Bluerock Residential Growth REIT by 22.3% in the second quarter. Kennedy Capital Management Inc. now owns 419,501 shares of the financial services provider’s stock worth $4,266,000 after acquiring an additional 76,527 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Bluerock Residential Growth REIT in the second quarter worth approximately $4,183,000. Dimensional Fund Advisors LP increased its position in shares of Bluerock Residential Growth REIT by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 386,035 shares of the financial services provider’s stock worth $3,926,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Bluerock Residential Growth REIT by 36.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 274,801 shares of the financial services provider’s stock worth $2,795,000 after acquiring an additional 72,738 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Separately, Zacks Investment Research raised shares of Bluerock Residential Growth REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, October 12th.

Shares of BRG opened at $16.61 on Thursday. Bluerock Residential Growth REIT, Inc. has a 52 week low of $8.80 and a 52 week high of $16.62. The company has a market cap of $436.36 million, a P/E ratio of 151.00, a P/E/G ratio of 8.55 and a beta of 0.83. The company has a current ratio of 182.45, a quick ratio of 182.45 and a debt-to-equity ratio of 14.70.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last announced its quarterly earnings data on Thursday, November 4th. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.23. Bluerock Residential Growth REIT had a net margin of 36.35% and a return on equity of 113.23%. On average, equities research analysts predict that Bluerock Residential Growth REIT, Inc. will post 0.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 5th. Investors of record on Friday, September 24th were given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, September 23rd. Bluerock Residential Growth REIT’s payout ratio is presently 590.91%.

Bluerock Residential Growth REIT Company Profile

Bluerock Residential Growth REIT, Inc operates as a real estate investment trust. It engages in acquiring apartment properties. Its investment objective is to maximize long term stockholder value by investing in properties that shows substantial growth. The company was founded by Jordan B. Ruddy on July 25, 2008 and is headquartered in New York, NY.

See Also: Quantitative Easing

Institutional Ownership by Quarter for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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