Bluerock Residential Growth REIT, Inc. (BRG) Expected to Post Quarterly Sales of $50.00 Million

Wall Street brokerages expect that Bluerock Residential Growth REIT, Inc. (NASDAQ:BRG) will report $50.00 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Bluerock Residential Growth REIT’s earnings, with the highest sales estimate coming in at $53.32 million and the lowest estimate coming in at $45.48 million. Bluerock Residential Growth REIT reported sales of $41.87 million in the same quarter last year, which indicates a positive year-over-year growth rate of 19.4%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 14th.

On average, analysts expect that Bluerock Residential Growth REIT will report full-year sales of $205.14 million for the current year, with estimates ranging from $182.93 million to $226.91 million. For the next fiscal year, analysts anticipate that the company will post sales of $229.88 million, with estimates ranging from $190.02 million to $266.23 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Bluerock Residential Growth REIT.

BRG traded down $0.12 on Wednesday, reaching $11.08. 83,419 shares of the company traded hands, compared to its average volume of 158,231. Bluerock Residential Growth REIT has a 52-week low of $8.19 and a 52-week high of $11.24.

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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