Kalos Management Inc. purchased a new stake in shares of Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,982 shares of the financial services provider’s stock, valued at approximately $298,000. Kalos Management Inc. owned about 0.11% of Bluerock Residential Growth REIT at the end of the most recent quarter.

Separately, EJF Capital LLC raised its holdings in shares of Bluerock Residential Growth REIT by 21.4% during the third quarter. EJF Capital LLC now owns 85,000 shares of the financial services provider’s stock valued at $940,000 after buying an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 34.46% of the company’s stock.

Separately, Janney Montgomery Scott cut Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating in a report on Tuesday.

Shares of Bluerock Residential Growth REIT, Inc. (BRG) traded down $0.09 during trading hours on Tuesday, reaching $10.90. The company had a trading volume of 139,900 shares, compared to its average volume of 260,932. Bluerock Residential Growth REIT, Inc. has a 1 year low of $9.68 and a 1 year high of $14.14. The company has a current ratio of 304.45, a quick ratio of 304.45 and a debt-to-equity ratio of 2.47.

The company also recently announced a monthly dividend, which was paid on Tuesday, December 5th. Investors of record on Friday, November 24th were issued a dividend of $0.097 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $1.16 annualized dividend and a yield of 10.68%. Bluerock Residential Growth REIT’s payout ratio is -362.50%.

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Bluerock Residential Growth REIT 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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