Romano Tio Sells 791 Shares of Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) Stock

Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) Director Romano Tio sold 791 shares of the stock in a transaction that occurred on Thursday, February 18th. The stock was sold at an average price of $25.30, for a total value of $20,012.30. Following the transaction, the director now owns 291 shares in the company, valued at approximately $7,362.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of BRG stock opened at $11.24 on Monday. The stock has a market capitalization of $267.19 million, a PE ratio of -7.92 and a beta of 1.03. Bluerock Residential Growth REIT, Inc. has a 52-week low of $3.79 and a 52-week high of $12.83. The stock’s 50-day moving average price is $10.83 and its 200 day moving average price is $8.56. The company has a quick ratio of 206.28, a current ratio of 206.28 and a debt-to-equity ratio of 17.90.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last issued its quarterly earnings results on Wednesday, February 10th. The financial services provider reported ($0.42) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.55) by $0.13. Bluerock Residential Growth REIT had a return on equity of 8.77% and a net margin of 3.86%. Analysts expect that Bluerock Residential Growth REIT, Inc. will post 0.34 earnings per share for the current fiscal year.

BRG has been the subject of several recent research reports. BTIG Research assumed coverage on Bluerock Residential Growth REIT in a report on Monday, January 11th. They issued a “sell” rating for the company. Zacks Investment Research lowered Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a report on Wednesday, February 17th. Finally, B. Riley lifted their price target on Bluerock Residential Growth REIT from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, February 12th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.31.

Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in Bluerock Residential Growth REIT by 238.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,139 shares of the financial services provider’s stock valued at $47,000 after buying an additional 4,327 shares in the last quarter. Inspire Advisors LLC acquired a new position in Bluerock Residential Growth REIT in the 4th quarter valued at $89,000. Citigroup Inc. raised its holdings in Bluerock Residential Growth REIT by 47.3% in the 4th quarter. Citigroup Inc. now owns 7,028 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 2,258 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Bluerock Residential Growth REIT by 38.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,665 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 3,545 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its holdings in Bluerock Residential Growth REIT by 25.6% in the 3rd quarter. Cetera Advisor Networks LLC now owns 15,969 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 3,259 shares during the last quarter. 52.39% of the stock is currently owned by institutional investors and hedge funds.

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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