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

$12.14
-0.24 (-1.94 %)
(As of 08/25/2019 01:15 AM ET)
Today's Range
$12.10
Now: $12.14
$12.55
50-Day Range N/A
52-Week Range
$8.19
Now: $12.14
$12.65
Volume147,212 shs
Average Volume149,950 shs
Market Capitalization$270.93 million
P/E RatioN/A
Dividend Yield5.25%
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$270.93 million
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Tuesday, June 11th. Investors of record on Tuesday, June 25th will be paid a dividend of $0.1625 per share on Friday, July 5th. This represents a $0.65 annualized dividend and a yield of 5.35%. The ex-dividend date is Monday, June 24th. View Bluerock Residential Growth REIT's Dividend History.

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

Bluerock Residential Growth REIT announced that its Board of Directors has approved a share buyback plan on Thursday, February 15th 2018, which authorizes the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) posted its quarterly earnings data on Tuesday, August, 6th. The financial services provider reported ($0.50) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.60. The financial services provider earned $52.44 million during the quarter, compared to analyst estimates of $52.02 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 Monday, November 4th 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 2019 earnings guidance on Tuesday, August, 6th. The company provided EPS guidance of $0.81-0.84 for the period.

What price target have analysts set for BRG?

3 equities research analysts have issued 12 month price objectives for Bluerock Residential Growth REIT's stock. Their predictions range from $12.00 to $12.00. On average, they expect Bluerock Residential Growth REIT's share price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 1.2%. View Analyst Price Targets for Bluerock Residential Growth REIT.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bluerock Residential Growth REIT in the last year. There are currently 3 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. " (7/16/2019)
  • 2. Boenning Scattergood analysts commented, "We are raising our price target to be in line with forward NAV because we think that BRG will be able to deliver outsized value creation over the next 12 months as it drives property NOI ~14% higher by continuing to execute on its strategic initiatives." (5/8/2019)

Has Bluerock Residential Growth REIT been receiving favorable news coverage?

News stories about BRG stock have been trending positive recently, according to InfoTrie. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bluerock Residential Growth REIT earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the near future. View News Stories for Bluerock Residential Growth REIT.

Are investors shorting Bluerock Residential Growth REIT?

Bluerock Residential Growth REIT saw a decline in short interest in July. As of July 15th, there was short interest totalling 449,000 shares, a decline of 14.4% from the June 15th total of 524,400 shares. Based on an average daily volume of 162,700 shares, the short-interest ratio is currently 2.8 days. Approximately 2.0% of the company's stock are sold short. View Bluerock Residential Growth REIT's Current Options Chain.

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

What other stocks do shareholders of Bluerock Residential Growth REIT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bluerock Residential Growth REIT investors own include Andeavor Logistics (ANDX), Transocean (RIG), Allena Pharmaceuticals (ALNA), Nuveen Floating Rate Income Fund (JFR), KNOT Offshore Partners (KNOP), Macquarie Infrastructure (MIC), 3M (MMM), ONEOK (OKE), Oneok Partners (OKS) and Thermo Fisher Scientific (TMO).

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 56)
  • Mr. Jordan B. Ruddy, Pres & COO (Age 56)
  • Mr. Christopher J. Vohs CPA, CFO & Treasurer (Age 43)
  • Mr. James G. Babb III, Chief Investment Officer (Age 54)
  • Mr. Michael L. Konig Esq., Chief Legal Officer & Sec. (Age 59)

Who are Bluerock Residential Growth REIT's major shareholders?

Bluerock Residential Growth REIT's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.01%), Vanguard Group Inc. (6.07%), Renaissance Technologies LLC (4.08%), Invesco Ltd. (3.47%), HGI Capital Management LLC (2.05%) and Nuveen Asset Management LLC (1.79%). 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 major investors are selling Bluerock Residential Growth REIT stock?

BRG stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Bank of New York Mellon Corp, Morgan Stanley, D.A. Davidson & CO., EJF Capital LLC, Northern Trust Corp, Strs Ohio and Capital Investment Advisory Services LLC. View Insider Buying and Selling for Bluerock Residential Growth REIT.

Which major investors are buying Bluerock Residential Growth REIT stock?

BRG stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Renaissance Technologies LLC, Vanguard Group Inc., Centaurus Financial Inc., BlackRock Inc., HGI Capital Management LLC, Parametric Portfolio Associates LLC and Citadel Advisors LLC. 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 $12.14.

How big of a company is Bluerock Residential Growth REIT?

Bluerock Residential Growth REIT has a market capitalization of $270.93 million. View Additional Information About Bluerock Residential Growth REIT.

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:  3.0 out of 5 (star star star)
Outperform Votes:  268 (Vote Outperform)
Underperform Votes:  180 (Vote Underperform)
Total Votes:  448
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 8/25/2019 by MarketBeat.com Staff

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