Bluerock Residential Growth REIT Inc Declares Quarterly Dividend of $0.16 (BRG)
Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) announced a quarterly dividend on Friday, December 22nd, Wall Street Journal reports. Investors of record on Friday, March 23rd will be paid a dividend of 0.1625 per share by the financial services provider on Thursday, April 5th. This represents a $0.65 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Thursday, March 22nd.
Shares of Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) traded up $0.27 during mid-day trading on Friday, reaching $10.27. The company had a trading volume of 677,200 shares, compared to its average volume of 264,576. Bluerock Residential Growth REIT has a 12 month low of $9.67 and a 12 month high of $14.14. The company has a debt-to-equity ratio of 2.47, a quick ratio of 304.45 and a current ratio of 304.45.
Separately, Janney Montgomery Scott downgraded Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating in a report on Tuesday, December 12th.
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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