Bluerock Residential Growth REIT Inc (NYSE:BRG)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a research report issued on Tuesday.

The analysts wrote, “Analysts Offer Insights on Financial Companies: Bluerock Residential Growth (NYSE: BRG), Carlyle Group (NASDAQ: CG) and Hertz Global Holdings Inc (NYSE: HTZ) | Analyst Ratings

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Home » Analysts Offer Insights on Financial Companies: Bluerock Residential Growth (NYSE: BRG), Carlyle Group (NASDAQ: CG) and Hertz Global Holdings Inc (NYSE: HTZ)”

Other analysts have also issued research reports about the company. FBR & Co restated a “buy” rating on shares of Bluerock Residential Growth REIT in a report on Saturday, October 8th. JMP Securities started coverage on Bluerock Residential Growth REIT in a report on Thursday, July 21st. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Zacks Investment Research lowered Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th.

Bluerock Residential Growth REIT (NYSE:BRG) opened at 12.63 on Tuesday. The firm’s market cap is $247.11 million. Bluerock Residential Growth REIT has a 52 week low of $9.06 and a 52 week high of $14.79. The firm’s 50 day moving average price is $12.57 and its 200-day moving average price is $12.62.

The business also recently declared a dividend, which was paid on Friday, November 4th. Stockholders of record on Tuesday, October 25th were paid a $0.0967 dividend. The ex-dividend date was Friday, October 21st.

In related news, insider Christopher J. Vohs purchased 2,500 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were acquired at an average cost of $13.26 per share, with a total value of $33,150.00. Following the completion of the purchase, the insider now owns 500 shares of the company’s stock, valued at approximately $6,630. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC increased its position in Bluerock Residential Growth REIT by 32.9% in the third quarter. BlackRock Advisors LLC now owns 12,613 shares of the company’s stock worth $164,000 after buying an additional 3,123 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Bluerock Residential Growth REIT by 2.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,808 shares of the company’s stock valued at $180,000 after buying an additional 329 shares during the last quarter. Rhumbline Advisers increased its position in Bluerock Residential Growth REIT by 3.4% in the third quarter. Rhumbline Advisers now owns 27,730 shares of the company’s stock valued at $360,000 after buying an additional 900 shares during the last quarter. DIAM Co. Ltd. increased its position in Bluerock Residential Growth REIT by 5.1% in the third quarter. DIAM Co. Ltd. now owns 37,540 shares of the company’s stock valued at $491,000 after buying an additional 1,830 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Bluerock Residential Growth REIT by 1.5% in the third quarter. California State Teachers Retirement System now owns 39,673 shares of the company’s stock valued at $516,000 after buying an additional 600 shares during the last quarter.

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.

5 Day Chart for NYSE:BRG

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