Bluerock Residential Growth REIT Inc (NYSE:BRG) has been given an average broker rating score of 1.50 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have given a strong buy recommendation to the company. Bluerock Residential Growth REIT’s rating score has improved by 10.2% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price objective of $13.33 for the company and are forecasting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Bluerock Residential Growth REIT an industry rank of 160 out of 265 based on the ratings given to related companies.

Several equities analysts have commented on the company. 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 research report on Thursday, July 13th. TheStreet raised Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a research 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 research report on Tuesday, July 11th. Compass Point downgraded Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.50 to $11.00 in a research report on Monday, August 7th. Finally, Northland Securities reissued a “buy” rating and set a $14.85 price target on shares of Bluerock Residential Growth REIT in a research report on Tuesday, September 5th.

Several hedge funds and other institutional investors have recently modified their holdings of BRG. Harbour Capital Advisors LLC lifted its stake 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 during the last quarter. Vanguard Group Inc. lifted its stake in shares of Bluerock Residential Growth REIT by 10.4% during the 2nd quarter. Vanguard Group Inc. now owns 951,715 shares of the company’s stock worth $12,267,000 after purchasing an additional 89,432 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Bluerock Residential Growth REIT by 75.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 135,862 shares of the company’s stock worth $1,751,000 after purchasing an additional 58,606 shares during the last quarter. State Street Corp lifted its stake in shares of Bluerock Residential Growth REIT by 13.4% during the 2nd quarter. State Street Corp now owns 439,509 shares of the company’s stock worth $5,664,000 after purchasing an additional 51,988 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Bluerock Residential Growth REIT by 15.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 299,886 shares of the company’s stock worth $3,866,000 after purchasing an additional 40,439 shares during the last quarter.

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Shares of Bluerock Residential Growth REIT (NYSE:BRG) traded down 0.48% on Friday, hitting $10.40. 202,747 shares of the stock traded hands. The firm has a 50 day moving average price of $11.07 and a 200 day moving average price of $12.23. Bluerock Residential Growth REIT has a 52-week low of $9.68 and a 52-week high of $14.79.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Monday, September 25th will be given a dividend of $0.0967 per share. This is an increase from Bluerock Residential Growth REIT’s previous monthly dividend of $0.10. The ex-dividend date is Friday, September 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.15%.

About Bluerock Residential Growth REIT

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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