BidaskClub downgraded shares of Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) from a buy rating to a hold rating in a research note released on Monday, July 31st.

Separately, FBR & Co reaffirmed an outperform rating on shares of Bluerock Residential Growth REIT in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $14.50.

Shares of Bluerock Residential Growth REIT (NYSEMKT BRG) opened at 10.51 on Monday. Bluerock Residential Growth REIT has a 12 month low of $9.93 and a 12 month high of $14.77. The firm’s 50-day moving average price is $12.79 and its 200-day moving average price is $12.67.

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The firm also recently announced a monthly dividend, which was paid on Friday, August 4th. Stockholders of record on Tuesday, July 25th were paid a dividend of $0.097 per share. This is an increase from Bluerock Residential Growth REIT’s previous monthly dividend of $0.10. The ex-dividend date was Friday, July 21st. This represents a $1.16 annualized dividend and a dividend yield of Infinity. Bluerock Residential Growth REIT’s dividend payout ratio is -184.13%.

An institutional investor recently raised its position in Bluerock Residential Growth REIT stock. Dimensional Fund Advisors LP boosted its position in shares of Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) by 27.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,209 shares of the financial services provider’s stock after buying an additional 20,382 shares during the period. Dimensional Fund Advisors LP owned 0.48% of Bluerock Residential Growth REIT worth $1,293,000 at the end of the most recent reporting period. 34.46% of the stock is currently owned by institutional investors and hedge funds.

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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