Bluerock Residential Growth REIT Inc (BRG) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of Bluerock Residential Growth REIT Inc (NYSE:BRG) from a hold rating to a sell rating in a report published on Monday, July 10th.

According to Zacks, “Bluerock Residential Growth REIT, Inc. operates as a real estate investment trust. It acquires apartment properties in demographically attractive growth markets throughout the United States. Bluerock Residential Growth REIT, Inc. is based in New York. “

Separately, TheStreet upgraded Bluerock Residential Growth REIT from a d+ rating to a c- rating in a research report on Thursday, June 1st.

Shares of Bluerock Residential Growth REIT (NYSE BRG) traded down 2.08% on Monday, hitting $10.34. The stock had a trading volume of 891,076 shares. The firm has a 50 day moving average price of $13.14 and a 200-day moving average price of $12.76. The company’s market cap is $250.13 million. Bluerock Residential Growth REIT has a 52 week low of $9.93 and a 52 week high of $14.79.

ILLEGAL ACTIVITY WARNING: This news story was reported by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/zacks-investment-research-lowers-bluerock-residential-growth-reit-inc-brg-to-sell-updated-updated-updated/1195213.html.

The company also recently announced a monthly dividend, which was paid on Friday, August 4th. Stockholders of record on Tuesday, July 25th were given a dividend of $0.0967 per share. The ex-dividend date was Friday, July 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.22%.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in Bluerock Residential Growth REIT by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 212,097 shares of the company’s stock worth $2,734,000 after buying an additional 1,500 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in Bluerock Residential Growth REIT by 1,189.0% in the second quarter. Harbour Capital Advisors LLC now owns 122,455 shares of the company’s stock worth $9,500,000 after buying an additional 112,955 shares in the last quarter. BB&T Securities LLC increased its stake in Bluerock Residential Growth REIT by 30.4% in the second quarter. BB&T Securities LLC now owns 97,701 shares of the company’s stock worth $1,259,000 after buying an additional 22,801 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Bluerock Residential Growth REIT by 2.9% in the second quarter. Russell Investments Group Ltd. now owns 95,111 shares of the company’s stock worth $1,226,000 after buying an additional 2,671 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Bluerock Residential Growth REIT by 4.8% in the second quarter. Victory Capital Management Inc. now owns 80,428 shares of the company’s stock worth $1,037,000 after buying an additional 3,670 shares during the last quarter.

About Bluerock Residential Growth REIT

Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company is focused on acquiring a portfolio of residential real estate assets. As of December 31, 2016, the Company’s portfolio consisted of interests in 31 properties (21 operating and 10 development properties). As of December 31, 2016, its properties contained an aggregate of 9,570 units, consisting of 6,972 operating units and 2,598 units under development.

Get a free copy of the Zacks research report on Bluerock Residential Growth REIT (BRG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bluerock Residential Growth REIT Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bluerock Residential Growth REIT Inc and related companies with our FREE daily email newsletter.

 


Latest News

Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury


Leave a Reply

 
© 2006-2017 BBNS.