Zacks: Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) have earned an average broker rating score of 1.40 (Strong Buy) from the five brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s rating score has declined by 5.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus target price of $12.25 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) an industry rank of 81 out of 256 based on the ratings given to related companies.

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

Shares of NYSE:BRG traded up $0.10 during midday trading on Friday, reaching $11.67. 105 shares of the company’s stock were exchanged, compared to its average volume of 145,870. The business has a 50 day moving average price of $11.73. The stock has a market cap of $259.00 million, a price-to-earnings ratio of 16.29, a PEG ratio of 2.42 and a beta of 0.41. Bluerock Residential Growth REIT Inc Class A has a 12 month low of $8.19 and a 12 month high of $12.28. The company has a debt-to-equity ratio of 11.23, a current ratio of 181.95 and a quick ratio of 181.95.

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Tuesday, June 25th were issued a dividend of $0.162 per share. This represents a $0.65 annualized dividend and a yield of 5.55%. The ex-dividend date was Monday, June 24th. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s dividend payout ratio is currently 90.28%.

About Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)

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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