Bluerock Residential Growth REIT Inc (BRG) Short Interest Up 7.7% in September
Bluerock Residential Growth REIT Inc (NYSE:BRG) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 603,948 shares, a growth of 7.7% from the September 15th total of 560,731 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average daily trading volume, of 100,393 shares, the days-to-cover ratio is currently 6.0 days.
Bluerock Residential Growth REIT (NYSE:BRG) opened at 11.98 on Wednesday. Bluerock Residential Growth REIT has a 12 month low of $9.06 and a 12 month high of $14.79. The stock has a 50 day moving average price of $13.06 and a 200 day moving average price of $12.40. The stock’s market capitalization is $234.39 million.
Bluerock Residential Growth REIT (NYSE:BRG) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The company earned $18.40 million during the quarter, compared to the consensus estimate of $18.08 million. On average, equities research analysts forecast that Bluerock Residential Growth REIT will post $0.37 earnings per share for the current fiscal year.
BRG has been the subject of a number of recent research reports. FBR & Co reissued a “buy” rating on shares of Bluerock Residential Growth REIT in a research report on Saturday. JMP Securities initiated coverage on Bluerock Residential Growth REIT in a research report on Thursday, July 21st. They issued an “outperform” rating and a $16.00 target price for the company.
In other news, insider Christopher J. Vohs bought 2,500 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was acquired at an average cost of $13.26 per share, with a total value of $33,150.00. Following the completion of the transaction, the insider now directly owns 500 shares of the company’s stock, valued at approximately $6,630. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
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.
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