Ryan S. Macdonald Acquires 900 Shares of Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) Stock

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) insider Ryan S. Macdonald purchased 900 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average cost of $13.10 per share, with a total value of $11,790.00. Following the completion of the transaction, the insider now owns 3,900 shares of the company’s stock, valued at approximately $51,090. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BRG stock opened at $5.71 on Thursday. The firm’s 50-day moving average price is $12.12. Bluerock Residential Growth REIT Inc has a one year low of $5.25 and a one year high of $12.65.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported ($0.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.73). The business had revenue of $52.52 million for the quarter, compared to analyst estimates of $55.18 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Wednesday, March 25th will be given a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 11.38%. The ex-dividend date is Tuesday, March 24th.

Several analysts have commented on BRG shares. Robert W. Baird lowered shares of Bluerock Residential Growth REIT from an “outperform” rating to a “neutral” rating and set a $8.00 price target for the company. in a research report on Tuesday, March 17th. Zacks Investment Research lowered shares of Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.00.

Several institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System grew its position in Bluerock Residential Growth REIT by 4.5% in the 3rd quarter. California Public Employees Retirement System now owns 86,599 shares of the financial services provider’s stock valued at $1,019,000 after acquiring an additional 3,709 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Bluerock Residential Growth REIT by 55.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 78,723 shares of the financial services provider’s stock valued at $927,000 after buying an additional 27,957 shares in the last quarter. State Street Corp increased its position in shares of Bluerock Residential Growth REIT by 8.2% in the 3rd quarter. State Street Corp now owns 578,095 shares of the financial services provider’s stock valued at $6,898,000 after buying an additional 43,775 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Bluerock Residential Growth REIT by 7.5% in the 3rd quarter. California State Teachers Retirement System now owns 35,160 shares of the financial services provider’s stock valued at $414,000 after buying an additional 2,466 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Bluerock Residential Growth REIT by 79.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 197,990 shares of the financial services provider’s stock valued at $2,330,000 after buying an additional 87,637 shares in the last quarter. 34.46% of the stock is owned by hedge funds and other institutional investors.

Bluerock Residential Growth REIT 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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Insider Buying and Selling by Quarter for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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