Bluerock Residential Growth REIT Inc (NYSE:BRG) has been assigned an average broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus target price of $15.00 for the company and are forecasting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Bluerock Residential Growth REIT an industry rank of 160 out of 265 based on the ratings given to its competitors.
Several research analysts have issued reports on the stock. FBR & Co restated a “buy” rating on shares of Bluerock Residential Growth REIT in a report on Saturday, October 8th. JMP Securities assumed coverage on shares of Bluerock Residential Growth REIT in a report on Thursday, July 21st. They set an “outperform” rating and a $16.00 price target for the company.
Shares of Bluerock Residential Growth REIT (NYSE:BRG) traded up 0.81% during mid-day trading on Friday, hitting $12.44. 34,187 shares of the stock were exchanged. Bluerock Residential Growth REIT has a 12-month low of $9.06 and a 12-month high of $14.79. The stock’s 50 day moving average price is $12.98 and its 200-day moving average price is $12.40. The stock’s market capitalization is $243.39 million.
Bluerock Residential Growth REIT (NYSE:BRG) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. The firm had revenue of $18.40 million for the quarter, compared to the consensus estimate of $18.08 million. On average, equities research analysts expect that Bluerock Residential Growth REIT will post $0.37 EPS for the current fiscal year.
In related news, insider Christopher J. Vohs acquired 2,500 shares of Bluerock Residential Growth REIT stock in a transaction dated Thursday, September 22nd. The stock was bought at an average price of $13.26 per share, with a total value of $33,150.00. Following the transaction, the insider now directly owns 500 shares in the company, valued at approximately $6,630. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
About Bluerock Residential Growth REIT
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company’s business consists of investing in and operating multifamily communities. The Company operates through real estate assets segment. Its businesses are conducted through its operating partnership, Bluerock Residential Holdings, L.P.