Stock Traders Buy High Volume of Bluerock Residential Growth REIT Call Options (NYSEAMERICAN:BRG)

Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 2,078 call options on the company. This represents an increase of approximately 1,917% compared to the average volume of 103 call options.

Shares of BRG traded up $0.47 during midday trading on Thursday, hitting $11.32. The company had a trading volume of 843,883 shares, compared to its average volume of 351,040. The company has a market capitalization of $298.97 million, a P/E ratio of -10.78, a PEG ratio of 6.21 and a beta of 0.97. Bluerock Residential Growth REIT has a 52 week low of $6.83 and a 52 week high of $13.05. The company has a debt-to-equity ratio of 14.14, a quick ratio of 171.77 and a current ratio of 171.77.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last released its earnings results on Thursday, August 5th. The financial services provider reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.27). Bluerock Residential Growth REIT had a return on equity of 62.95% and a net margin of 19.31%. As a group, sell-side analysts expect that Bluerock Residential Growth REIT will post 0.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 5th. Stockholders of record on Friday, September 24th will be given a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Thursday, September 23rd. Bluerock Residential Growth REIT’s payout ratio is currently 90.28%.

Separately, Zacks Investment Research lowered shares of Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a report on Monday, August 16th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hancock Whitney Corp grew its position in shares of Bluerock Residential Growth REIT by 3.3% during the 2nd quarter. Hancock Whitney Corp now owns 42,915 shares of the financial services provider’s stock valued at $436,000 after buying an additional 1,361 shares during the last quarter. Citigroup Inc. grew its position in shares of Bluerock Residential Growth REIT by 36.2% during the 2nd quarter. Citigroup Inc. now owns 5,247 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,394 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Bluerock Residential Growth REIT by 23.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,296 shares of the financial services provider’s stock valued at $74,000 after buying an additional 1,407 shares during the last quarter. National Asset Management Inc. grew its position in shares of Bluerock Residential Growth REIT by 13.9% during the 2nd quarter. National Asset Management Inc. now owns 17,484 shares of the financial services provider’s stock valued at $178,000 after buying an additional 2,135 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Bluerock Residential Growth REIT by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 386,035 shares of the financial services provider’s stock valued at $3,926,000 after buying an additional 2,330 shares during the last quarter. 44.22% of the stock is owned by institutional investors.

Bluerock Residential Growth REIT Company Profile

Bluerock Residential Growth REIT, Inc operates as a real estate investment trust. It engages in acquiring apartment properties. Its investment objective is to maximize long term stockholder value by investing in properties that shows substantial growth. The company was founded by Jordan B. Ruddy on July 25, 2008 and is headquartered in New York, NY.

Featured Story: What is a stock buyback?

Receive News & Ratings for Bluerock Residential Growth REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bluerock Residential Growth REIT and related companies with MarketBeat.com's FREE daily email newsletter.