Brokerages Set $12.25 Target Price for Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG)

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) has earned an average broker rating score of 1.40 (Strong Buy) from the five analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and four have issued a strong buy rating on the company. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s rating score has declined by 5.3% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus price target of $12.25 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) an industry rank of 47 out of 256 based on the ratings given to its competitors.

Separately, National Securities assumed coverage on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research report on Friday, May 3rd. They set a “buy” rating and a $13.00 price objective for the company.



BRG stock traded up $0.08 during mid-day trading on Friday, hitting $11.70. 107,706 shares of the company were exchanged, compared to its average volume of 185,762. The business has a 50 day simple moving average of $11.71. The company has a quick ratio of 181.95, a current ratio of 181.95 and a debt-to-equity ratio of 11.23. The firm has a market cap of $262.78 million, a PE ratio of 16.25, a PEG ratio of 2.42 and a beta of 0.41. Bluerock Residential Growth REIT Inc Class A has a 1-year low of $8.19 and a 1-year high of $12.28.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Tuesday, June 25th were given a $0.162 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.54%. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s payout ratio is 90.28%.

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) Company Profile

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.

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