Brokerages Expect Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) to Post $0.19 EPS

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Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) has been assigned a consensus broker rating score of 1.50 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and three have given a strong buy recommendation to the company. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s rating score has declined by 7.1% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a one year consensus target price of $13.13 for the company and are anticipating that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) an industry rank of 34 out of 255 based on the ratings given to related companies.

Separately, DA Davidson reissued a “buy” rating on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research note on Monday, July 29th.

BRG stock opened at $11.68 on Monday. Bluerock Residential Growth REIT Inc Class A has a 12 month low of $8.19 and a 12 month high of $12.65. The firm has a market capitalization of $261.11 million, a price-to-earnings ratio of 16.22 and a beta of 0.36. The company’s 50 day simple moving average is $11.97. The company has a current ratio of 243.33, a quick ratio of 243.33 and a debt-to-equity ratio of 15.86.

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.162 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.55%. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s dividend payout ratio is currently 90.28%.

About Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)

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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