Bluerock Residential Growth REIT Inc (NYSE:BRG) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 617,182 shares, a growth of 3.9% from the October 14th total of 593,904 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average daily volume of 73,919 shares, the days-to-cover ratio is presently 8.3 days.

A number of brokerages have weighed in on BRG. Zacks Investment Research raised Bluerock Residential Growth REIT from a “sell” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Thursday. JMP Securities reaffirmed a “buy” rating on shares of Bluerock Residential Growth REIT in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating on shares of Bluerock Residential Growth REIT in a research report on Tuesday, November 8th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Bluerock Residential Growth REIT in a research report on Saturday, October 8th.

Bluerock Residential Growth REIT (NYSE:BRG) opened at 12.71 on Friday. Bluerock Residential Growth REIT has a 52-week low of $9.06 and a 52-week high of $14.79. The firm’s market cap is $248.68 million. The company’s 50 day moving average price is $12.53 and its 200 day moving average price is $12.63.

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

In other news, insider Christopher J. Vohs bought 2,500 shares of the stock in a transaction on Thursday, September 22nd. The shares were purchased at an average price of $13.26 per share, for a total transaction of $33,150.00. Following the completion of the purchase, the insider now directly owns 500 shares of the company’s stock, valued at approximately $6,630. The purchase was disclosed in a filing with the SEC, which is available through this link.

Several institutional investors have recently made changes to their positions in BRG. BlackRock Advisors LLC boosted its position in shares of Bluerock Residential Growth REIT by 32.9% in the third quarter. BlackRock Advisors LLC now owns 12,613 shares of the company’s stock valued at $164,000 after buying an additional 3,123 shares during the last quarter. Citadel Advisors LLC acquired a new position in Bluerock Residential Growth REIT during the third quarter worth approximately $168,000. Sumitomo Mitsui Trust Holdings Inc. boosted 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 worth $180,000 after buying an additional 329 shares during the last quarter. Rhumbline Advisers boosted 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 worth $360,000 after buying an additional 900 shares during the last quarter. Finally, DIAM Co. Ltd. boosted 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 worth $491,000 after buying an additional 1,830 shares during the last quarter.

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.

5 Day Chart for NYSE:BRG

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