Rhumbline Advisers Grows Holdings in Bluerock Residential Growth REIT Inc (BRG)

Rhumbline Advisers grew its position in shares of Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) by 36.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,367 shares of the financial services provider’s stock after buying an additional 9,768 shares during the quarter. Rhumbline Advisers owned 0.15% of Bluerock Residential Growth REIT worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRG. Renaissance Technologies LLC lifted its holdings in shares of Bluerock Residential Growth REIT by 45.3% during the 3rd quarter. Renaissance Technologies LLC now owns 292,200 shares of the financial services provider’s stock valued at $2,864,000 after buying an additional 91,100 shares during the period. BlackRock Inc. raised its holdings in Bluerock Residential Growth REIT by 3.0% in the 3rd quarter. BlackRock Inc. now owns 1,669,645 shares of the financial services provider’s stock worth $16,364,000 after purchasing an additional 48,221 shares during the period. Victory Capital Management Inc. raised its holdings in Bluerock Residential Growth REIT by 25.6% in the 3rd quarter. Victory Capital Management Inc. now owns 165,000 shares of the financial services provider’s stock worth $1,617,000 after purchasing an additional 33,680 shares during the period. JPMorgan Chase & Co. raised its holdings in Bluerock Residential Growth REIT by 47.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,607 shares of the financial services provider’s stock worth $1,024,000 after purchasing an additional 33,529 shares during the period. Finally, Northern Trust Corp raised its holdings in Bluerock Residential Growth REIT by 8.2% in the 2nd quarter. Northern Trust Corp now owns 278,963 shares of the financial services provider’s stock worth $2,489,000 after purchasing an additional 21,214 shares during the period. 34.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Bluerock Residential Growth REIT stock traded down $0.12 on Monday, hitting $11.08. 83,419 shares of the company traded hands, compared to its average volume of 158,231. Bluerock Residential Growth REIT Inc has a 52 week low of $8.19 and a 52 week high of $11.24.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last posted its quarterly earnings results on Thursday, February 14th. The financial services provider reported ($0.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.66). The firm had revenue of $50.01 million for the quarter, compared to analysts’ expectations of $48.35 million.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 25th were issued a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend was Friday, March 22nd.

A number of brokerages recently commented on BRG. Zacks Investment Research cut Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Boenning Scattergood reiterated a “buy” rating and issued a $10.50 price target on shares of Bluerock Residential Growth REIT in a research note on Friday, February 15th. Finally, TheStreet upgraded Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a research note on Thursday, January 24th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.17.

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Bluerock Residential Growth REIT 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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Institutional Ownership by Quarter for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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