Bluerock Residential Growth REIT Inc (NYSE:BRG)‘s stock had its “buy” rating reiterated by equities research analysts at Northland Securities in a note issued to investors on Tuesday. They currently have a $14.85 price target on the stock. Northland Securities’ price objective indicates a potential upside of 45.59% from the stock’s current price.

Other research analysts have also issued reports about the company. TheStreet raised Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a report on Thursday, June 1st. Zacks Investment Research raised Bluerock Residential Growth REIT from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating and issued 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 company from $16.50 to $11.00 in a report on Monday, August 7th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $13.96.

Bluerock Residential Growth REIT (NYSE:BRG) opened at 10.20 on Tuesday. The company has a 50-day moving average price of $11.42 and a 200 day moving average price of $12.30. The company has a market capitalization of $246.76 million and a PE ratio of 88.70. Bluerock Residential Growth REIT has a 12 month low of $9.68 and a 12 month high of $14.77.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC grew its holdings in shares of Bluerock Residential Growth REIT by 1,189.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 122,455 shares of the company’s stock worth $9,500,000 after purchasing an additional 112,955 shares in the last quarter. BB&T Securities LLC grew its holdings in shares of Bluerock Residential Growth REIT by 30.4% during the 2nd quarter. BB&T Securities LLC now owns 97,701 shares of the company’s stock worth $1,259,000 after purchasing an additional 22,801 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Bluerock Residential Growth REIT by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 212,097 shares of the company’s stock worth $2,734,000 after purchasing an additional 1,500 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Bluerock Residential Growth REIT by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 30,375 shares of the company’s stock worth $392,000 after purchasing an additional 459 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Bluerock Residential Growth REIT by 2.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 95,111 shares of the company’s stock worth $1,226,000 after purchasing 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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