Bluerock Residential Growth REIT (BRG) Releases FY 2018 Earnings Guidance

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.66-0.68 for the period.

BRG stock traded up $0.10 during midday trading on Tuesday, reaching $9.12. The company’s stock had a trading volume of 1,426 shares, compared to its average volume of 201,061. Bluerock Residential Growth REIT has a 52 week low of $7.02 and a 52 week high of $11.75.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last announced its quarterly earnings data on Monday, November 5th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.56). The business had revenue of $47.88 million for the quarter, compared to analysts’ expectations of $46.14 million.

Several equities research analysts recently commented on BRG shares. Zacks Investment Research raised shares of Bluerock Residential Growth REIT from a sell rating to a hold rating in a research report on Tuesday, July 17th. Boenning Scattergood started coverage on shares of Bluerock Residential Growth REIT in a research report on Thursday, July 12th. They issued an outperform rating and a $11.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $11.30.

In related news, CIO James G. Babb III purchased 3,000 shares of the firm’s stock in a transaction that occurred on Saturday, November 17th. The shares were acquired at an average price of $11.31 per share, for a total transaction of $33,930.00. Following the purchase, the executive now owns 1,000 shares in the company, valued at $11,310. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ramin Kamfar purchased 1,386 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was bought at an average price of $21.56 per share, for a total transaction of $29,882.16. The disclosure for this purchase can be found here. Insiders have bought a total of 6,386 shares of company stock worth $85,992 over the last 90 days. 4.96% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: This news story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/11/06/bluerock-residential-growth-reit-brg-releases-fy-2018-earnings-guidance.html.

Bluerock Residential Growth REIT Company Profile

Bluerock Residential Growth REIT, Inc (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice.

Read More: Balance Sheet

Earnings History and Estimates for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

Receive News & Ratings for Bluerock Residential Growth REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bluerock Residential Growth REIT and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply