Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN:BRG) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 1,697,945 shares, a drop of 7.7% from the August 15th total of 1,840,022 shares. Based on an average trading volume of 110,334 shares, the days-to-cover ratio is presently 15.4 days. Approximately 7.2% of the shares of the stock are short sold.

Shares of NYSEAMERICAN:BRG opened at $9.97 on Thursday. The company has a current ratio of 304.45, a quick ratio of 304.45 and a debt-to-equity ratio of 2.47. Bluerock Residential Growth REIT Inc Class A has a 1 year low of $7.02 and a 1 year high of $11.81.

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN:BRG) last announced its quarterly earnings data on Tuesday, August 7th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.54). Bluerock Residential Growth REIT Inc Class A had a negative return on equity of 98.46% and a negative net margin of 129.33%. The firm had revenue of $44.96 million for the quarter, compared to analysts’ expectations of $42.70 million.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Tuesday, September 25th will be issued a dividend of $0.1625 per share. The ex-dividend date of this dividend is Monday, September 24th. This represents a $0.65 annualized dividend and a dividend yield of 6.52%.

A number of analysts have recently issued reports on the company. Boenning Scattergood set a $11.00 target price on Bluerock Residential Growth REIT Inc Class A and gave the company a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research lowered Bluerock Residential Growth REIT Inc Class A from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, Robert W. Baird assumed coverage on Bluerock Residential Growth REIT Inc Class A in a report on Friday, June 15th. They issued an “outperform” rating and a $11.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Bluerock Residential Growth REIT Inc Class A currently has an average rating of “Buy” and an average target price of $11.30.

In other Bluerock Residential Growth REIT Inc Class A news, Chairman Ramin Kamfar bought 1,386 shares of Bluerock Residential Growth REIT Inc Class A stock in a transaction dated Wednesday, August 22nd. The stock was bought at an average price of $21.56 per share, for a total transaction of $29,882.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO James G. Babb III bought 3,000 shares of Bluerock Residential Growth REIT Inc Class A stock in a transaction dated Saturday, November 17th. The stock was acquired at an average price of $11.31 per share, with a total value of $33,930.00. Following the acquisition, the executive now directly owns 1,000 shares of the company’s stock, valued at $11,310. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 6,386 shares of company stock valued at $85,992. Corporate insiders own 4.96% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America raised its holdings in shares of Bluerock Residential Growth REIT Inc Class A by 24.8% during the second quarter. Teachers Insurance & Annuity Association of America now owns 30,596 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 6,087 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Bluerock Residential Growth REIT Inc Class A by 117.1% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,415 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 8,314 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bluerock Residential Growth REIT Inc Class A by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 349,768 shares of the financial services provider’s stock worth $2,973,000 after acquiring an additional 14,884 shares in the last quarter. BRYN MAWR TRUST Co purchased a new stake in shares of Bluerock Residential Growth REIT Inc Class A during the second quarter worth $148,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Bluerock Residential Growth REIT Inc Class A by 102.8% during the first quarter. Oppenheimer & Co. Inc. now owns 52,335 shares of the financial services provider’s stock worth $445,000 after acquiring an additional 26,535 shares in the last quarter. Institutional investors and hedge funds own 34.46% of the company’s stock.

Bluerock Residential Growth REIT Inc Class A 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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