Trade Report: The Bluerock Residential Growth REIT Inc. (NYSEMKT:BRG) Receives $14.20 Average Price Target from Brokerages

The Bluerock Residential Growth REIT Inc. (NYSEMKT:BRG) Receives $14.20 Average Price Target from Brokerages

Shares of Bluerock Residential Growth REIT Inc. (NYSEMKT:BRG) have earned an average rating of “Buy” from the six brokerages that are presently covering the stock. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.20.

BRG has been the subject of a number of research analyst reports. FBR & Co increased their price target on shares of Bluerock Residential Growth REIT from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, July 14th. JMP Securities initiated coverage on shares of Bluerock Residential Growth REIT in a research report on Thursday, July 21st. They issued a “market outperform” rating and a $16.00 price target for the company.

Shares of Bluerock Residential Growth REIT (NYSEMKT:BRG) opened at 12.00 on Tuesday. Bluerock Residential Growth REIT has a 12-month low of $9.06 and a 12-month high of $14.79. The company has a 50-day moving average of $13.15 and a 200 day moving average of $12.37. The firm’s market capitalization is $234.78 million.

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