Compass Point Downgrades Bluerock Residential Growth REIT Inc (BRG) to Neutral
Separately, FBR & Co reiterated an “outperform” rating and issued a $15.00 price objective on shares of Bluerock Residential Growth REIT in a research note on Tuesday, July 11th.
Shares of Bluerock Residential Growth REIT (AMEX BRG) traded down 6.3073% on Monday, reaching $10.5498. The company had a trading volume of 756,121 shares. Bluerock Residential Growth REIT has a 52-week low of $10.50 and a 52-week high of $14.77. The firm’s market capitalization is $255.21 million. The company has a 50-day moving average price of $13.15 and a 200-day moving average price of $12.76.
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About Bluerock Residential Growth REIT
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company is focused on acquiring a portfolio of residential real estate assets. As of December 31, 2016, the Company’s portfolio consisted of interests in 31 properties (21 operating and 10 development properties). As of December 31, 2016, its properties contained an aggregate of 9,570 units, consisting of 6,972 operating units and 2,598 units under development.
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