Zacks: Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) Given Consensus Recommendation of “Strong Buy” by Analysts

Shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) have earned an average broker rating score of 1.40 (Strong Buy) from the five brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s rating score has declined by 5.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus target price of $12.25 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) an industry rank of 81 out of 256 based on the ratings given to related companies.

Separately, National Securities assumed coverage on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a report on Friday, May 3rd. They issued a “buy” rating and a $13.00 price objective on the stock.

Shares of NYSE BRG traded up $0.10 during midday trading on Friday, reaching $11.67. The company’s stock had a trading volume of 105 shares, compared to its average volume of 145,870. The company has a debt-to-equity ratio of 11.23, a current ratio of 181.95 and a quick ratio of 181.95. Bluerock Residential Growth REIT Inc Class A has a fifty-two week low of $8.19 and a fifty-two week high of $12.28. The company has a market cap of $259.00 million, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.41. The stock has a 50 day simple moving average of $11.73.

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Tuesday, June 25th were issued a dividend of $0.162 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.65 dividend on an annualized basis and a yield of 5.55%. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s payout ratio is 90.28%.

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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