Bluerock Residential Growth REIT Inc (BRG) Plans $0.10 Dividend
Bluerock Residential Growth REIT Inc (NYSE:BRG) declared a dividend on Thursday, October 6th. Stockholders of record on Tuesday, October 25th will be given a dividend of 0.0967 per share on Friday, November 4th. The ex-dividend date is Friday, October 21st.
Bluerock Residential Growth REIT (NYSE:BRG) opened at 12.41 on Friday. Bluerock Residential Growth REIT has a 12-month low of $9.06 and a 12-month high of $14.79. The stock’s 50 day moving average is $12.94 and its 200 day moving average is $12.41. The firm’s market cap is $242.80 million.
Bluerock Residential Growth REIT (NYSE:BRG) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $18.40 million for the quarter, compared to analyst estimates of $18.08 million. On average, equities research analysts expect that Bluerock Residential Growth REIT will post $0.37 EPS for the current year.
In other news, insider Christopher J. Vohs bought 2,500 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was bought at an average cost of $13.26 per share, for a total transaction of $33,150.00. Following the acquisition, the insider now directly owns 500 shares of the company’s stock, valued at approximately $6,630. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
BRG has been the subject of a number of research analyst reports. FBR & Co raised their target price on Bluerock Residential Growth REIT from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, July 14th. JMP Securities initiated coverage on Bluerock Residential Growth REIT in a report on Thursday, July 21st. They set an “outperform” rating and a $16.00 target price for the company.
About Bluerock Residential Growth REIT
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company’s business consists of investing in and operating multifamily communities. The Company operates through real estate assets segment. Its businesses are conducted through its operating partnership, Bluerock Residential Holdings, L.P.
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