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

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Shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) have earned a consensus broker rating score of 1.40 (Strong Buy) from the five analysts that cover 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% in the last 90 days as a result of various analysts’ ratings changes.

Brokerages have set a 12-month consensus price objective of $12.05 for the company and are forecasting 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 104 out of 256 based on the ratings given to related companies.

Separately, National Securities began 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 price target for the company.

BRG traded down $0.13 on Monday, reaching $11.92. The company’s stock had a trading volume of 2,846 shares, compared to its average volume of 121,092. The company has a market capitalization of $270.62 million, a P/E ratio of 16.56, a P/E/G ratio of 2.47 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 company has a debt-to-equity ratio of 11.23, a quick ratio of 181.95 and a current ratio of 181.95.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Tuesday, June 25th will be issued a $0.162 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Monday, June 24th. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s dividend payout ratio is currently 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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