Victory Capital Management Inc. grew its stake in Bluerock Residential Growth REIT Inc (NYSE:BRG) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,428 shares of the company’s stock after buying an additional 3,670 shares during the period. Victory Capital Management Inc. owned 0.33% of Bluerock Residential Growth REIT worth $1,037,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Bluerock Residential Growth REIT by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 30,375 shares of the company’s stock worth $392,000 after purchasing an additional 459 shares during the period. Russell Investments Group Ltd. boosted its stake in Bluerock Residential Growth REIT by 2.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 95,111 shares of the company’s stock worth $1,226,000 after purchasing an additional 2,671 shares during the period. BB&T Securities LLC boosted its stake in Bluerock Residential Growth REIT by 30.4% during the 2nd quarter. BB&T Securities LLC now owns 97,701 shares of the company’s stock worth $1,259,000 after purchasing an additional 22,801 shares during the period. Harbour Capital Advisors LLC boosted its stake in Bluerock Residential Growth REIT by 1,189.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 122,455 shares of the company’s stock worth $9,500,000 after purchasing an additional 112,955 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Bluerock Residential Growth REIT by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 212,097 shares of the company’s stock worth $2,734,000 after purchasing an additional 1,500 shares during the period.

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Shares of Bluerock Residential Growth REIT Inc (NYSE BRG) opened at 10.39 on Friday. The firm has a market cap of $251.35 million and a PE ratio of 90.35. Bluerock Residential Growth REIT Inc has a 52 week low of $9.68 and a 52 week high of $14.79. The company’s 50-day moving average is $10.81 and its 200-day moving average is $12.19.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Monday, September 25th will be issued a $0.0967 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 11.16%. The ex-dividend date is Friday, September 22nd. This is an increase from Bluerock Residential Growth REIT’s previous monthly dividend of $0.10.

A number of brokerages recently weighed in on BRG. Zacks Investment Research cut shares of Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Compass Point cut shares of Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $16.50 to $11.00 in a research note on Monday, August 7th. FBR & Co reiterated an “outperform” rating and set a $15.00 price target on shares of Bluerock Residential Growth REIT in a research note on Tuesday, July 11th. Northland Securities reiterated a “buy” rating and set a $14.85 price target on shares of Bluerock Residential Growth REIT in a research note on Tuesday, September 5th. Finally, TheStreet upgraded shares of Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a research note on Thursday, June 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Bluerock Residential Growth REIT has a consensus rating of “Buy” and an average price target of $13.96.

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

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