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

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$10.70 +0.22 (+2.10 %)
(As of 02/21/2019 08:00 AM ET)
Previous Close$10.48
Today's Range$10.42 - $10.75
52-Week Range$7.47 - $11.24
Volume179,000 shs
Average Volume162,132 shs
Market Capitalization$253.34 million
P/E RatioN/A
Dividend Yield6.20%
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
CUSIPN/A
Phone+1-212-8431601

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$253.34 million
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. Investors 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 6.07%. The ex-dividend date of this dividend 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 of Directors has initiated a stock repurchase program 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 purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) announced its quarterly earnings data on Thursday, February, 14th. The financial services provider reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.66. The financial services provider had revenue of $50.01 million for the quarter, compared to analysts' expectations of $48.35 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 Tuesday, May 14th 2019. View Earnings Estimates for Bluerock Residential Growth REIT.

What price target have analysts set for BRG?

3 analysts have issued twelve-month price objectives for Bluerock Residential Growth REIT's stock. Their predictions range from $10.50 to $11.50. On average, they expect Bluerock Residential Growth REIT's stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 2.8% 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?

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. " (2/15/2019)
  • 2. Boenning Scattergood analysts commented, "We maintain our Outperform rating because the quality of the portfolio continues to support the indicated dividends and allow for modest multiple expansion." (2/15/2019)

Has Bluerock Residential Growth REIT been receiving favorable news coverage?

News coverage about BRG stock has been trending somewhat negative recently, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories 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 near future.

Are investors shorting Bluerock Residential Growth REIT?

Bluerock Residential Growth REIT saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 848,464 shares, a decline of 20.8% from the January 15th total of 1,071,430 shares. Based on an average daily trading volume, of 138,810 shares, the short-interest ratio is currently 6.1 days. Currently, 3.6% 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?

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.32%), D.A. Davidson & CO. (1.70%), Dimensional Fund Advisors LP (1.54%), Geode Capital Management LLC (1.25%), Bank of New York Mellon Corp (0.97%) and Orinda Asset Management LLC (0.73%). 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 D.A. Davidson & CO., Orinda Asset Management LLC, Thrivent Financial for Lutherans, Bank of New York Mellon Corp, National Asset Management Inc. and Citigroup Inc.. View Insider Buying and Selling for Bluerock Residential Growth REIT.

Which major investors are buying Bluerock Residential Growth REIT stock?

BRG stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., BlackRock Inc., GSA Capital Partners LLP, Geode Capital Management LLC, Virtu Financial LLC, EJF Capital LLC, MetLife Investment Advisors LLC and D. E. Shaw & Co. Inc.. 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 $10.70.

How big of a company is Bluerock Residential Growth REIT?

Bluerock Residential Growth REIT has a market capitalization of $253.34 million.

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:  243 (Vote Outperform)
Underperform Votes:  156 (Vote Underperform)
Total Votes:  399
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 2/21/2019 by MarketBeat.com Staff

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