Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the firm. Two analysts have rated the stock with a hold rating and four have assigned a buy rating 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.

Several research firms recently issued reports on BRG. JMP Securities began coverage on Bluerock Residential Growth REIT in a research report on Thursday, July 21st. They set a “market outperform” rating and a $16.00 price target on the stock. FBR & Co upped their price target on Bluerock Residential Growth REIT from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, August 9th.

Shares of Bluerock Residential Growth REIT (NYSEMKT:BRG) opened at 12.71 on Tuesday. The firm’s 50 day moving average is $12.53 and its 200 day moving average is $12.63. The stock’s market capitalization is $248.68 million. Bluerock Residential Growth REIT has a 12 month low of $9.06 and a 12 month 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.

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