Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (BRG) to Issue Quarterly Dividend of $0.16 on October 5th

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) announced a quarterly dividend on Friday, September 11th, Zacks reports. Stockholders of record on Friday, September 25th will be paid a dividend of 0.162 per share on Monday, October 5th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date is Thursday, September 24th.

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) has decreased its dividend payment by 44.0% over the last three years and has raised its dividend every year for the last 1 years. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) has a payout ratio of -45.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) to earn $0.47 per share next year, which means the company may not be able to cover its $0.65 annual dividend with an expected future payout ratio of 138.3%.

Shares of NYSE BRG opened at $7.23 on Tuesday. Bluerock Residential Growth REIT Inc Class A has a 52-week low of $3.79 and a 52-week high of $12.49. The company has a quick ratio of 222.66, a current ratio of 222.66 and a debt-to-equity ratio of 14.51. The firm has a market cap of $178.00 million, a price-to-earnings ratio of 180.75 and a beta of 0.90. The company’s 50-day simple moving average is $7.49 and its 200-day simple moving average is $7.15.

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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Dividend History for Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG)

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