Strs Ohio reduced its position in shares of Bluerock Residential Growth REIT Inc (NYSE:BRG) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,133 shares of the company’s stock after selling 5,441 shares during the period. Strs Ohio owned about 0.15% of Bluerock Residential Growth REIT worth $465,000 at the end of the most recent quarter.

Separately, Russell Investments Group Ltd. raised its stake in shares of 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.

Shares of Bluerock Residential Growth REIT Inc (BRG) opened at 10.05 on Wednesday. The firm’s 50-day moving average price is $12.03 and its 200-day moving average price is $12.47. Bluerock Residential Growth REIT Inc has a one year low of $9.68 and a one year high of $14.77.

The company also recently announced a monthly dividend, which will be paid on Thursday, October 5th. Investors of record on Monday, September 25th will be given a dividend of $0.0967 per share. This is a boost from Bluerock Residential Growth REIT’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 11.54%.

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BRG has been the subject of a number of recent research reports. Zacks Investment Research lowered Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. 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 objective on shares of Bluerock Residential Growth REIT in a report on Tuesday, July 11th. Finally, Compass Point lowered Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $16.50 to $11.00 in a report on Monday, August 7th.

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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Institutional Ownership by Quarter for Bluerock Residential Growth REIT (NYSE:BRG)

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