Short Interest in Bluerock Residential Growth REIT Inc (BRG) Increases By 12.1%
Bluerock Residential Growth REIT Inc (NYSE:BRG) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 560,731 shares, a growth of 12.1% from the August 31st total of 500,140 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 147,503 shares, the days-to-cover ratio is presently 3.8 days.
In other Bluerock Residential Growth REIT news, insider Christopher J. Vohs bought 2,500 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were purchased at an average cost of $13.26 per share, for a total transaction of $33,150.00. Following the transaction, the insider now owns 500 shares of the company’s stock, valued at $6,630. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Bluerock Residential Growth REIT (NYSE:BRG) opened at 13.09 on Friday. Bluerock Residential Growth REIT has a one year low of $9.06 and a one year high of $14.79. The company’s market capitalization is $256.11 million. The company’s 50-day moving average is $13.36 and its 200 day moving average is $12.30.
Bluerock Residential Growth REIT (NYSE:BRG) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The firm had revenue of $18.40 million for the quarter, compared to analyst estimates of $18.08 million. On average, equities analysts anticipate that Bluerock Residential Growth REIT will post $0.37 earnings per share for the current year.
The company also recently declared a dividend, which will be paid on Wednesday, October 5th. Investors of record on Friday, September 23rd will be given a dividend of $0.0967 per share. The ex-dividend date of this dividend is Wednesday, September 21st.
Several analysts have recently issued reports on BRG shares. FBR & Co upped their target price on shares of Bluerock Residential Growth REIT from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, July 14th. JMP Securities started coverage on shares of Bluerock Residential Growth REIT in a research report on Thursday, July 21st. They set an “outperform” rating and a $16.00 target price on the stock.
Bluerock Residential Growth REIT Company Profile
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company’s business consists of investing in and operating multifamily communities. The Company operates through real estate assets segment. Its businesses are conducted through its operating partnership, Bluerock Residential Holdings, L.P.
Receive News & Stock 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 stocks with our FREE daily email newsletter.