Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) Announces Quarterly Dividend of $0.16

Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) announced a quarterly dividend on Monday, September 13th, Wall Street Journal reports. Investors of record on Friday, September 24th will be given a dividend of 0.1625 per share by the financial services provider on Tuesday, October 5th. This represents a $0.65 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Thursday, September 23rd.

Bluerock Residential Growth REIT has decreased its dividend payment by 44.0% over the last three years.

Shares of NYSEAMERICAN:BRG opened at $10.80 on Wednesday. The company has a debt-to-equity ratio of 14.14, a current ratio of 171.77 and a quick ratio of 171.77. Bluerock Residential Growth REIT has a 12-month low of $6.83 and a 12-month high of $13.05. The firm has a market cap of $285.24 million, a price-to-earnings ratio of -10.29, a P/E/G ratio of 6.21 and a beta of 0.97.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last posted its quarterly earnings results on Thursday, August 5th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.27). Bluerock Residential Growth REIT had a return on equity of 62.95% and a net margin of 19.31%. As a group, research analysts anticipate that Bluerock Residential Growth REIT will post 0.29 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in BRG. Morgan Stanley raised its holdings in shares of Bluerock Residential Growth REIT by 161.8% during the second quarter. Morgan Stanley now owns 80,084 shares of the financial services provider’s stock valued at $815,000 after purchasing an additional 49,494 shares during the last quarter. Bank of America Corp DE boosted its holdings in Bluerock Residential Growth REIT by 24.0% in the second quarter. Bank of America Corp DE now owns 48,605 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 9,392 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Bluerock Residential Growth REIT by 28.7% in the 2nd quarter. Royal Bank of Canada now owns 13,717 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,062 shares during the period. 44.22% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a research note on Monday, August 16th.

About Bluerock Residential Growth REIT

Bluerock Residential Growth REIT, Inc operates as a real estate investment trust. It engages in acquiring apartment properties. Its investment objective is to maximize long term stockholder value by investing in properties that shows substantial growth. The company was founded by Jordan B. Ruddy on July 25, 2008 and is headquartered in New York, NY.

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Dividend History for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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