D.A. Davidson & CO. Cuts Stock Holdings in Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG)

D.A. Davidson & CO. decreased its position in shares of Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 345,246 shares of the financial services provider’s stock after selling 13,593 shares during the quarter. D.A. Davidson & CO. owned 1.55% of Bluerock Residential Growth REIT worth $4,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Bluerock Residential Growth REIT by 7.0% during the second quarter. BlackRock Inc. now owns 1,787,415 shares of the financial services provider’s stock valued at $21,002,000 after buying an additional 117,240 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Bluerock Residential Growth REIT by 11.8% during the second quarter. Vanguard Group Inc. now owns 1,354,429 shares of the financial services provider’s stock valued at $15,914,000 after buying an additional 143,116 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Bluerock Residential Growth REIT by 58.8% during the second quarter. Renaissance Technologies LLC now owns 910,761 shares of the financial services provider’s stock valued at $10,701,000 after buying an additional 337,400 shares during the last quarter. HGI Capital Management LLC grew its holdings in shares of Bluerock Residential Growth REIT by 7.6% during the third quarter. HGI Capital Management LLC now owns 491,399 shares of the financial services provider’s stock valued at $5,784,000 after buying an additional 34,837 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Bluerock Residential Growth REIT during the second quarter valued at approximately $4,705,000. Hedge funds and other institutional investors own 34.46% of the company’s stock.

Shares of BRG stock traded up $0.10 on Thursday, hitting $11.82. 1,310 shares of the stock traded hands, compared to its average volume of 142,875. Bluerock Residential Growth REIT Inc has a 52 week low of $8.19 and a 52 week high of $12.65. The firm has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $11.53.

A number of equities research analysts have recently commented on BRG shares. DA Davidson reiterated a “buy” rating on shares of Bluerock Residential Growth REIT in a report on Monday, July 29th. Zacks Investment Research cut shares of Bluerock Residential Growth REIT from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, BidaskClub upgraded shares of Bluerock Residential Growth REIT from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $13.00.

In other news, insider Fisher Steven acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average cost of $14.78 per share, for a total transaction of $44,349.00. 4.96% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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