Analysts Expect Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) Will Announce Earnings of $0.17 Per Share

Wall Street analysts predict that Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) will post earnings per share (EPS) of $0.17 for the current quarter, according to Zacks. Four analysts have issued estimates for Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.18. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) also reported earnings of $0.17 per share in the same quarter last year. The company is scheduled to announce its next earnings results on Tuesday, August 6th.

On average, analysts expect that Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.76 to $0.82. For the next fiscal year, analysts expect that the company will report earnings of $0.83 per share, with EPS estimates ranging from $0.77 to $0.87. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN).

Separately, National Securities began coverage on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research report on Friday, May 3rd. They set a “buy” rating and a $13.00 target price on the stock.

Shares of BRG traded down $0.15 during mid-day trading on Tuesday, reaching $11.17. 6,385 shares of the company’s stock were exchanged, compared to its average volume of 159,518. The company has a quick ratio of 181.95, a current ratio of 181.95 and a debt-to-equity ratio of 11.23. The stock has a market cap of $262.31 million, a PE ratio of 15.50, a PEG ratio of 2.43 and a beta of 0.41. The stock’s fifty day simple moving average is $11.53. Bluerock Residential Growth REIT Inc Class A has a 52-week low of $8.19 and a 52-week high of $12.28.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Tuesday, June 25th will be given a dividend of $0.162 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.80%. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s dividend payout ratio (DPR) is presently 90.28%.

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) 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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