Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) Updates FY 2019 Earnings Guidance

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.81-0.84 for the period.

A number of research firms recently issued reports on BRG. DA Davidson restated a buy rating on shares of Bluerock Residential Growth REIT in a research report on Monday, July 29th. Zacks Investment Research downgraded shares of Bluerock Residential Growth REIT from a strong-buy rating to a hold rating in a research report on Tuesday, July 16th. Finally, Boenning Scattergood restated a buy rating and set a $12.00 target price on shares of Bluerock Residential Growth REIT in a research report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $13.00.

NYSEAMERICAN BRG traded down $0.06 during trading hours on Friday, hitting $12.08. 717 shares of the company’s stock traded hands, compared to its average volume of 153,659. Bluerock Residential Growth REIT has a 52-week low of $8.19 and a 52-week high of $12.28.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.60). The firm had revenue of $52.44 million for the quarter, compared to analyst estimates of $52.02 million.

About Bluerock Residential Growth REIT

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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