Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Bluerock Residential Growth REIT, Inc. operates as a real estate investment trust. It acquires apartment properties in demographically attractive growth markets throughout the United States. Bluerock Residential Growth REIT, Inc. is based in New York. “

Other equities research analysts have also issued research reports about the company. Compass Point raised their price target on Bluerock Residential Growth REIT from $14.50 to $27.00 and gave the stock a neutral rating in a research report on Wednesday, December 29th. JMP Securities downgraded Bluerock Residential Growth REIT from an outperform rating to a market perform rating in a report on Tuesday, December 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, Bluerock Residential Growth REIT has an average rating of Hold and an average target price of $14.63.

NYSEAMERICAN:BRG opened at $26.53 on Tuesday. Bluerock Residential Growth REIT has a 1-year low of $8.80 and a 1-year high of $27.48. The company has a current ratio of 182.45, a quick ratio of 182.45 and a debt-to-equity ratio of 14.70. The stock has a market capitalization of $727.35 million, a price-to-earnings ratio of 241.36, a P/E/G ratio of 16.36 and a beta of 1.00.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last released its quarterly earnings results on Thursday, November 4th. The financial services provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.23. Bluerock Residential Growth REIT had a return on equity of 113.23% and a net margin of 36.35%. Research analysts anticipate that Bluerock Residential Growth REIT will post 0.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 5th. Investors of record on Thursday, December 23rd were issued a dividend of $0.1625 per share. The ex-dividend date of this dividend was Wednesday, December 22nd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.45%. Bluerock Residential Growth REIT’s payout ratio is presently 590.91%.

A number of hedge funds have recently bought and sold shares of BRG. Advisory Services Network LLC bought a new position in Bluerock Residential Growth REIT in the second quarter valued at approximately $33,000. Citigroup Inc. grew its stake in Bluerock Residential Growth REIT by 36.2% in the second quarter. Citigroup Inc. now owns 5,247 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,394 shares in the last quarter. Strategic Blueprint LLC bought a new position in Bluerock Residential Growth REIT in the second quarter valued at approximately $65,000. Penserra Capital Management LLC bought a new position in Bluerock Residential Growth REIT in the third quarter valued at approximately $99,000. Finally, Beck Capital Management LLC bought a new position in Bluerock Residential Growth REIT in the second quarter valued at approximately $106,000. Hedge funds and other institutional investors own 42.28% of the company’s stock.

About Bluerock Residential Growth REIT

Bluerock Residential Growth REIT, Inc operates as a real estate investment trust. It engages in acquiring apartment properties. Its investment objective is to maximize long term stockholder value by investing in properties that shows substantial growth. The company was founded by Jordan B. Ruddy on July 25, 2008 and is headquartered in New York, NY.

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