Bluerock Residential Growth REIT Inc (NYSE:BRG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, July 13th. The brokerage presently has a $15.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 45.07% from the stock’s previous close.

According to Zacks, “Bluerock Residential Growth REIT, Inc. operates as a real estate investment trust. It acquires apartment properties in demographically attractive growth markets throughout the United States. Bluerock Residential Growth REIT, Inc. is based in New York. “

Several other analysts have also commented on the company. TheStreet raised Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a report on Thursday, June 1st. FBR & Co reissued an “outperform” rating and set a $15.00 price target on shares of Bluerock Residential Growth REIT in a report on Tuesday, July 11th.

Shares of Bluerock Residential Growth REIT (NYSE BRG) opened at 10.34 on Thursday. The company’s market cap is $250.13 million. Bluerock Residential Growth REIT has a one year low of $9.93 and a one year high of $14.79. The firm’s 50-day moving average is $13.14 and its 200-day moving average is $12.76.

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Institutional investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC acquired a new position in Bluerock Residential Growth REIT during the second quarter worth $364,000. Rhumbline Advisers increased its stake in Bluerock Residential Growth REIT by 1.5% in the second quarter. Rhumbline Advisers now owns 30,375 shares of the company’s stock worth $392,000 after buying an additional 459 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Bluerock Residential Growth REIT by 119.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 61,858 shares of the company’s stock worth $797,000 after buying an additional 33,715 shares in the last quarter. Victory Capital Management Inc. increased its stake in Bluerock Residential Growth REIT by 4.8% in the second quarter. Victory Capital Management Inc. now owns 80,428 shares of the company’s stock worth $1,037,000 after buying an additional 3,670 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Bluerock Residential Growth REIT by 2.9% in the second quarter. Russell Investments Group Ltd. now owns 95,111 shares of the company’s stock worth $1,226,000 after buying an additional 2,671 shares in the last quarter.

Bluerock Residential Growth REIT Company Profile

Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company is focused on acquiring a portfolio of residential real estate assets. As of December 31, 2016, the Company’s portfolio consisted of interests in 31 properties (21 operating and 10 development properties). As of December 31, 2016, its properties contained an aggregate of 9,570 units, consisting of 6,972 operating units and 2,598 units under development.

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