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.
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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.
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