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

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) has been assigned an average broker rating score of 1.40 (Strong Buy) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and four have issued a strong buy rating on the company. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s rating score has declined by 5.3% from three months ago as a result of a number of analysts’ ratings changes.

Analysts have set a 1 year consensus price target of $12.05 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) an industry rank of 101 out of 256 based on the ratings given to its competitors.

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

Shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) stock traded up $0.15 on Thursday, hitting $11.03. The company had a trading volume of 5,828 shares, compared to its average volume of 131,715. The firm has a market capitalization of $251.09 million, a PE ratio of 15.28, a price-to-earnings-growth ratio of 2.33 and a beta of 0.41. Bluerock Residential Growth REIT Inc Class A has a 1 year low of $8.19 and a 1 year high of $12.28. The stock’s 50 day simple moving average is $11.51. The company has a debt-to-equity ratio of 11.23, a current ratio of 181.95 and a quick ratio of 181.95.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Tuesday, June 25th will be given a $0.162 dividend. The ex-dividend date is Monday, June 24th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.87%. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s dividend payout ratio (DPR) is presently 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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