Zacks Investment Research cut shares of Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) from a strong-buy rating to a hold rating in a report issued on Monday morning, Zacks.com reports.

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. “

BRG has been the subject of a number of other reports. BidaskClub upgraded Bluerock Residential Growth REIT from a sell rating to a hold rating in a research note on Tuesday, July 30th. DA Davidson restated a buy rating on shares of Bluerock Residential Growth REIT in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Bluerock Residential Growth REIT has a consensus rating of Buy and a consensus price target of $13.00.

Shares of Bluerock Residential Growth REIT stock traded up $0.07 during trading hours on Monday, reaching $11.79. 3,068 shares of the stock traded hands, compared to its average volume of 143,883. The company has a 50 day moving average price of $12.12 and a 200 day moving average price of $11.53. Bluerock Residential Growth REIT has a one year low of $8.19 and a one year high of $12.65.

In related news, insider Fisher Steven acquired 3,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average cost of $14.78 per share, with a total value of $44,349.00. 4.96% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Phocas Financial Corp. purchased a new position in Bluerock Residential Growth REIT in the 2nd quarter worth approximately $26,000. Advisor Group Inc. lifted its holdings in Bluerock Residential Growth REIT by 140.0% in the 2nd quarter. Advisor Group Inc. now owns 6,000 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 3,500 shares in the last quarter. Royal Bank of Canada lifted its holdings in Bluerock Residential Growth REIT by 22.1% in the 2nd quarter. Royal Bank of Canada now owns 6,717 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,217 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in Bluerock Residential Growth REIT by 13.0% in the 3rd quarter. Kovack Advisors Inc. now owns 14,489 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 1,663 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Bluerock Residential Growth REIT in the 2nd quarter worth approximately $248,000. 34.46% of the stock is currently owned by institutional investors.

About Bluerock Residential Growth REIT

Bluerock Residential Growth REIT, Inc (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice.

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