Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) Expected to Announce Quarterly Sales of $55.18 Million

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Equities research analysts forecast that Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) will post sales of $55.18 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s earnings. The highest sales estimate is $55.81 million and the lowest is $54.32 million. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) reported sales of $50.01 million in the same quarter last year, which indicates a positive year over year growth rate of 10.3%. The business is expected to report its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) will report full-year sales of $212.63 million for the current financial year, with estimates ranging from $211.77 million to $213.26 million. For the next financial year, analysts anticipate that the business will post sales of $239.05 million, with estimates ranging from $221.92 million to $257.56 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN).

Shares of BRG stock traded down $0.17 during trading hours on Wednesday, hitting $12.09. The stock had a trading volume of 86,100 shares, compared to its average volume of 143,262. Bluerock Residential Growth REIT Inc Class A has a one year low of $8.62 and a one year high of $12.65. The company has a debt-to-equity ratio of 11.62, a current ratio of 190.80 and a quick ratio of 190.80. The stock’s 50-day moving average price is $11.99 and its two-hundred day moving average price is $11.87. The stock has a market capitalization of $279.36 million, a price-to-earnings ratio of 16.79 and a beta of 0.37.

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.

Further Reading: Buy Rating

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