NYSEAMERICAN:BRG - Bluerock Residential Growth REIT Stock Price, News, & Analysis

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$9.63 +0.02 (+0.21 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$9.61
Today's Range$9.48 - $9.68
52-Week Range$7.02 - $10.59
Volume135,409 shs
Average Volume192,670 shs
Market CapitalizationN/A
P/E RatioN/A
Dividend Yield6.96%
BetaN/A
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. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value add improvements to properties and operations. The Company is included in the Russell 2000 and Russell 3000 Indexes. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

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Industry, Sector and Symbol

Stock Exchange NYSEAMERICAN
Industry REIT - Residential
Sub-IndustryN/A
SectorReal Estate
Current SymbolNYSEAMERICAN:BRG
Previous Symbol
CUSIPN/A
Phone+1-212-8431601

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / Cash FlowN/A
Book ValueN/A
Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

EmployeesN/A
Outstanding Shares23,680,000
Market Cap$0.00
OptionableOptionable

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) Frequently Asked Questions

What is Bluerock Residential Growth REIT's stock symbol?

Bluerock Residential Growth REIT trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "BRG."

How often does Bluerock Residential Growth REIT pay dividends? What is the dividend yield for Bluerock Residential Growth REIT?

Bluerock Residential Growth REIT declared a quarterly dividend on Monday, December 10th. Stockholders of record on Monday, December 24th will be given a dividend of $0.1625 per share on Friday, January 4th. This represents a $0.65 annualized dividend and a dividend yield of 6.75%. The ex-dividend date is Friday, December 21st. View Bluerock Residential Growth REIT's Dividend History.

How will Bluerock Residential Growth REIT's stock buyback program work?

Bluerock Residential Growth REIT declared that its board has authorized a share repurchase plan on Thursday, February 15th 2018, which permits the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

How were Bluerock Residential Growth REIT's earnings last quarter?

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) issued its quarterly earnings results on Monday, November, 5th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.56. The financial services provider earned $47.88 million during the quarter, compared to analyst estimates of $46.14 million. View Bluerock Residential Growth REIT's Earnings History.

When is Bluerock Residential Growth REIT's next earnings date?

Bluerock Residential Growth REIT is scheduled to release their next quarterly earnings announcement on Wednesday, February 13th 2019. View Earnings Estimates for Bluerock Residential Growth REIT.

What guidance has Bluerock Residential Growth REIT issued on next quarter's earnings?

Bluerock Residential Growth REIT updated its FY 2018 earnings guidance on Monday, November, 5th. The company provided earnings per share guidance of $0.66-0.68 for the period.

What price target have analysts set for BRG?

5 equities research analysts have issued 1-year price objectives for Bluerock Residential Growth REIT's stock. Their forecasts range from $11.00 to $13.00. On average, they anticipate Bluerock Residential Growth REIT's stock price to reach $11.6250 in the next year. This suggests a possible upside of 20.7% from the stock's current price. View Analyst Price Targets for Bluerock Residential Growth REIT.

What is the consensus analysts' recommendation for Bluerock Residential Growth REIT?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bluerock Residential Growth REIT in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Bluerock Residential Growth REIT.

What are Wall Street analysts saying about Bluerock Residential Growth REIT stock?

Here are some recent quotes from research analysts about Bluerock Residential Growth REIT stock:
  • 1. According to Zacks Investment Research, "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. " (11/9/2018)
  • 2. Boenning Scattergood analysts commented, "We think the market has overly discounted the potential for balance sheet expansion and same store sales growth at Bluerock Residential Growth REIT (BRG). The board of directors cut the common dividend by a whopping 44% in 2017 because of the internalization of management, which led to significantly higher G&A expense in lieu of a base management fee of 1.5% of equity. Market participants punished the stock, which now trades at a ~34% discount to NAV, compared to small cap multifamily REIT peers trading at an ~10% discount to NAV. We think that BRG will be able to grow into its admittedly swollen expense base over the next few years to the extent that it is able to source off-market transactions at attractive discounts compared to fully marketed deals, and to the extent that it can continue to fund its growth through the issuance of redeemable preferred stock." (7/12/2018)

Has Bluerock Residential Growth REIT been receiving favorable news coverage?

News headlines about BRG stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bluerock Residential Growth REIT earned a news sentiment score of 1.2 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.

Are investors shorting Bluerock Residential Growth REIT?

Bluerock Residential Growth REIT saw a decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,188,717 shares, a decrease of 0.8% from the November 15th total of 1,197,892 shares. Based on an average daily trading volume, of 98,299 shares, the days-to-cover ratio is currently 12.1 days. Approximately 5.0% of the shares of the stock are sold short. View Bluerock Residential Growth REIT's Current Options Chain.

Who are some of Bluerock Residential Growth REIT's key competitors?

Who are Bluerock Residential Growth REIT's key executives?

Bluerock Residential Growth REIT's management team includes the folowing people:
  • Mr. R. Ramin Kamfar, Chairman & CEO (Age 55)
  • Mr. Jordan B. Ruddy, Pres & COO (Age 55)
  • Mr. Christopher J. Vohs CPA, CFO & Treasurer (Age 42)
  • Mr. James G. Babb III, Chief Investment Officer (Age 53)
  • Mr. Michael L. Konig Esq., Chief Legal Officer & Sec. (Age 58)

Who are Bluerock Residential Growth REIT's major shareholders?

Bluerock Residential Growth REIT's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.05%), Vanguard Group Inc. (5.02%), Vanguard Group Inc (5.02%), Highland Capital Management LP (3.62%), Dimensional Fund Advisors LP (1.50%) and Renaissance Technologies LLC (1.23%). Company insiders that own Bluerock Residential Growth REIT stock include James G Babb III and Ramin Kamfar. View Institutional Ownership Trends for Bluerock Residential Growth REIT.

Which institutional investors are selling Bluerock Residential Growth REIT stock?

BRG stock was sold by a variety of institutional investors in the last quarter, including Highland Capital Management LP, Orinda Asset Management LLC, TIAA CREF Investment Management LLC, Thrivent Financial for Lutherans and Claraphi Advisory Network LLC. View Insider Buying and Selling for Bluerock Residential Growth REIT.

Which institutional investors are buying Bluerock Residential Growth REIT stock?

BRG stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Victory Capital Management Inc., JPMorgan Chase & Co., Capital Investment Advisory Services LLC, Vanguard Group Inc, Vanguard Group Inc. and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have bought Bluerock Residential Growth REIT stock in the last two years include James G Babb III and Ramin Kamfar. View Insider Buying and Selling for Bluerock Residential Growth REIT.

How do I buy shares of Bluerock Residential Growth REIT?

Shares of BRG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Bluerock Residential Growth REIT's stock price today?

One share of BRG stock can currently be purchased for approximately $9.63.

What is Bluerock Residential Growth REIT's official website?

The official website for Bluerock Residential Growth REIT is http://bluerockresidential.com/.

How can I contact Bluerock Residential Growth REIT?

Bluerock Residential Growth REIT's mailing address is 712 5th Ave Fl 9, NEW YORK, NY 10019-4108, United States. The financial services provider can be reached via phone at +1-212-8431601.


MarketBeat Community Rating for Bluerock Residential Growth REIT (NYSEAMERICAN BRG)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  237 (Vote Outperform)
Underperform Votes:  151 (Vote Underperform)
Total Votes:  388
MarketBeat's community ratings are surveys of what our community members think about Bluerock Residential Growth REIT and other stocks. Vote "Outperform" if you believe BRG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BRG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/14/2018 by MarketBeat.com Staff

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