Bluerock Residential Growth REIT Inc (NYSE:BRG) has been assigned a consensus broker rating score of 1.50 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and three have issued a strong buy rating on the company. Bluerock Residential Growth REIT’s rating score has improved by 10.2% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus target price of $13.33 for the company and are anticipating that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bluerock Residential Growth REIT an industry rank of 182 out of 265 based on the ratings given to related companies.

Several research firms have recently issued reports on BRG. Zacks Investment Research downgraded shares of Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Compass Point downgraded shares of Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $16.50 to $11.00 in a report on Monday, August 7th. FBR & Co restated 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 upgraded shares of Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a report on Thursday, June 1st.

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Shares of Bluerock Residential Growth REIT (BRG) traded down 0.40% during mid-day trading on Friday, reaching $10.05. The company’s stock had a trading volume of 117,969 shares. The firm has a 50-day moving average of $12.03 and a 200-day moving average of $12.47. Bluerock Residential Growth REIT has a 52 week low of $9.68 and a 52 week high of $14.77.

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 5th. Investors of record on Monday, September 25th will be paid a $0.0967 dividend. The ex-dividend date is Friday, September 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 11.54%. This is a boost from Bluerock Residential Growth REIT’s previous monthly dividend of $0.10.

A number of hedge funds have recently bought and sold shares of the stock. Harbour Capital Advisors LLC boosted its stake in Bluerock Residential Growth REIT by 1,189.0% in the second quarter. Harbour Capital Advisors LLC now owns 122,455 shares of the company’s stock worth $9,500,000 after buying an additional 112,955 shares during the last quarter. BB&T Securities LLC boosted its stake in Bluerock Residential Growth REIT by 30.4% in the second quarter. BB&T Securities LLC now owns 97,701 shares of the company’s stock worth $1,259,000 after buying an additional 22,801 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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. Rhumbline Advisers boosted its stake 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. Finally, Russell Investments Group Ltd. boosted its stake 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.

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.

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