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

Zacks Investment Research lowered shares of Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) from a hold rating to a sell rating in a research report sent to investors on Tuesday, January 9th.

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. “

Separately, Janney Montgomery Scott cut shares of Bluerock Residential Growth REIT from a buy rating to a neutral rating in a research note on Tuesday, December 12th.

Shares of Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) opened at $7.96 on Tuesday. The company has a debt-to-equity ratio of 2.47, a current ratio of 304.45 and a quick ratio of 304.45. The company has a market cap of $192.69, a P/E ratio of -24.88 and a beta of 0.44. Bluerock Residential Growth REIT has a 1 year low of $7.81 and a 1 year high of $13.94.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last posted its earnings results on Tuesday, November 7th. The financial services provider reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.42). Bluerock Residential Growth REIT had a return on equity of 30.92% and a net margin of 128.54%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 23rd will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend is Thursday, March 22nd. Bluerock Residential Growth REIT’s payout ratio is -362.50%.

Several institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Bluerock Residential Growth REIT by 63.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,652 shares of the financial services provider’s stock worth $184,000 after buying an additional 6,438 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Bluerock Residential Growth REIT by 27.0% in the third quarter. Janney Montgomery Scott LLC now owns 51,198 shares of the financial services provider’s stock worth $566,000 after buying an additional 10,898 shares during the last quarter. EJF Capital LLC lifted its stake in shares of Bluerock Residential Growth REIT by 21.4% in the third quarter. EJF Capital LLC now owns 85,000 shares of the financial services provider’s stock worth $940,000 after buying an additional 15,000 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of Bluerock Residential Growth REIT in the fourth quarter worth $164,000. Finally, Kalos Management Inc. acquired a new stake in shares of Bluerock Residential Growth REIT in the third quarter worth $298,000. Institutional investors and hedge funds own 34.46% of the company’s stock.

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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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