Shares of Bluerock Residential Growth REIT Inc. (NYSEMKT:BRG) have been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.20.

A number of research firms have commented on BRG. JMP Securities began coverage on Bluerock Residential Growth REIT in a report on Thursday, July 21st. They set a “market outperform” rating and a $16.00 price target on the stock. FBR & Co raised their price target on Bluerock Residential Growth REIT from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, July 14th.

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Bluerock Residential Growth REIT by 4.5% in the first quarter. Geode Capital Management LLC now owns 105,846 shares of the company’s stock worth $1,151,000 after buying an additional 4,592 shares during the period. State Street Corp increased its stake in shares of Bluerock Residential Growth REIT by 13.7% in the first quarter. State Street Corp now owns 278,975 shares of the company’s stock worth $3,031,000 after buying an additional 33,536 shares during the period. Finally, Mesirow Financial Investment Management US Value Equity increased its stake in shares of Bluerock Residential Growth REIT by 16.8% in the first quarter. Mesirow Financial Investment Management US Value Equity now owns 44,909 shares of the company’s stock worth $489,000 after buying an additional 6,450 shares during the period.

Shares of Bluerock Residential Growth REIT (NYSEMKT:BRG) opened at 12.08 on Tuesday. The stock’s market capitalization is $236.35 million. The company’s 50-day moving average price is $13.20 and its 200 day moving average price is $12.36. Bluerock Residential Growth REIT has a one year low of $9.06 and a one year high of $14.79.

About Bluerock Residential Growth REIT

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.