Bluerock Residential Growth REIT Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bluerock Residential Growth REIT in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Bluerock Residential Growth REIT stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BRG, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Bluerock Residential Growth REIT a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Bluerock Residential Growth REIT wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Bluerock Residential Growth REIT is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
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Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) issued its earnings results on Sunday, May, 9th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.53) by $1.53. Bluerock Residential Growth REIT had a net margin of 25.41% and a trailing twelve-month return on equity of 81.26%.
View Bluerock Residential Growth REIT's earnings history.

Bluerock Residential Growth REIT's stock was trading at $9.63 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BRG stock has decreased by 1.9% and is now trading at $9.45.
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Bluerock Residential Growth REIT declared a quarterly dividend on Tuesday, June 15th. Shareholders of record on Friday, June 25th will be given a dividend of $0.1625 per share on Friday, July 2nd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Thursday, June 24th.
View Bluerock Residential Growth REIT's dividend history.

Bluerock Residential Growth REIT pays an annual dividend of $0.65 per share and currently has a dividend yield of 6.57%. BRG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Bluerock Residential Growth REIT does not yet have a strong track record of dividend growth. The dividend payout ratio of Bluerock Residential Growth REIT is 90.28%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Bluerock Residential Growth REIT will have a dividend payout ratio of 180.56% in the coming year. This indicates that Bluerock Residential Growth REIT may not be able to sustain their current dividend.
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Bluerock Residential Growth REIT updated its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share guidance of $0.650-0.700 for the period. The company issued revenue guidance of -.

2 Wall Street analysts have issued 12-month price targets for Bluerock Residential Growth REIT's shares. Their forecasts range from $9.50 to $11.00. On average, they anticipate Bluerock Residential Growth REIT's share price to reach $10.25 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
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Some companies that are related to Bluerock Residential Growth REIT include Saul Centers (BFS), TPG RE Finance Trust (TRTX), RPT Realty (RPT), Summit Hotel Properties (INN), Investors Real Estate Trust (CSR), Invesco Mortgage Capital (IVR), UMH Properties (UMH), Diversified Healthcare Trust (DHC), The GEO Group (GEO), NETSTREIT (NTST), Global Medical REIT (GMRE), American Finance Trust (AFIN), Universal Health Realty Income Trust (UHT), Granite Point Mortgage Trust (GPMT) and ARMOUR Residential REIT (ARR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Bluerock Residential Growth REIT investors own include NGL Energy Partners (NGL), New York Mortgage Trust (NYMT), New Residential Investment (NRZ), AGNC Investment (AGNC), ARMOUR Residential REIT (ARR), Chimera Investment (CIM), Annaly Capital Management (NLY), The Macerich (MAC), OFS Capital (OFS) and AMC Entertainment (AMC).

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

Bluerock Residential Growth REIT's stock is owned by many different retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (7.14%), BlackRock Inc. (6.66%), Renaissance Technologies LLC (1.95%), Geode Capital Management LLC (1.44%), Dimensional Fund Advisors LP (1.36%) and Kennedy Capital Management Inc. (1.22%). Company insiders that own Bluerock Residential Growth REIT stock include Christopher J Vohs, Fisher Steven, Michael Difranco, Michael L Konig, Ramin Kamfar, Romano Tio and Ryan S Macdonald.
View institutional ownership trends for Bluerock Residential Growth REIT.

BRG stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Kennedy Capital Management Inc., BlackRock Inc., Northern Trust Corp, Claraphi Advisory Network LLC, Victory Capital Management Inc., Morgan Stanley, and State of New Jersey Common Pension Fund D. Company insiders that have sold Bluerock Residential Growth REIT company stock in the last year include Michael L Konig, Romano Tio, and Ryan S Macdonald.
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BRG stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., D.A. Davidson & CO., Clarus Group Inc., Clarus Group Inc., AE Wealth Management LLC, Arrowstreet Capital Limited Partnership, International Assets Investment Management LLC, and Alpha Omega Group Inc.. Company insiders that have bought Bluerock Residential Growth REIT stock in the last two years include Christopher J Vohs, Fisher Steven, Michael Difranco, Ramin Kamfar, Romano Tio, and Ryan S Macdonald.
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Shares of BRG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BRG stock can currently be purchased for approximately $9.45.

Bluerock Residential Growth REIT has a market capitalization of $266.64 million and generates $219.85 million in revenue each year. The financial services provider earns $30.64 million in net income (profit) each year or $0.72 on an earnings per share basis.

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

Bluerock Residential Growth REIT is headquartered at 712 5th Ave Fl 9, NEW YORK, NY 10019-4108, United States.

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 or via email at [email protected]