Equities Analysts Offer Predictions for Bluerock Residential Growth REIT Inc’s FY2018 Earnings (BRG)

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) – Stock analysts at B. Riley raised their FY2018 EPS estimates for shares of Bluerock Residential Growth REIT in a report issued on Tuesday, November 6th. B. Riley analyst C. Kucera now anticipates that the financial services provider will post earnings per share of $0.50 for the year, up from their previous estimate of $0.48. B. Riley also issued estimates for Bluerock Residential Growth REIT’s Q4 2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.58 EPS.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last posted its quarterly earnings data on Monday, November 5th. The financial services provider reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.56). The company had revenue of $47.88 million for the quarter, compared to analyst estimates of $46.14 million.

A number of other equities research analysts also recently weighed in on the stock. Boenning Scattergood set a $11.00 price target on shares of Bluerock Residential Growth REIT and gave the company a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research raised shares of Bluerock Residential Growth REIT from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. 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 presently has an average rating of “Buy” and a consensus target price of $11.30.

BRG stock opened at $9.36 on Friday. Bluerock Residential Growth REIT has a fifty-two week low of $7.02 and a fifty-two week high of $11.75.

A number of hedge funds have recently bought and sold shares of BRG. Highland Capital Management LP lifted its stake in Bluerock Residential Growth REIT by 26.6% during the second quarter. Highland Capital Management LP now owns 1,000,000 shares of the financial services provider’s stock valued at $8,920,000 after buying an additional 209,962 shares in the last quarter. BlackRock Inc. lifted its stake in Bluerock Residential Growth REIT by 7.8% during the second quarter. BlackRock Inc. now owns 1,621,424 shares of the financial services provider’s stock valued at $14,462,000 after buying an additional 116,736 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Bluerock Residential Growth REIT during the second quarter valued at about $648,000. RMR Advisors LLC lifted its stake in Bluerock Residential Growth REIT by 15.8% during the second quarter. RMR Advisors LLC now owns 406,415 shares of the financial services provider’s stock valued at $3,625,000 after buying an additional 55,531 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Bluerock Residential Growth REIT by 86.3% during the second quarter. Sunbelt Securities Inc. now owns 116,938 shares of the financial services provider’s stock valued at $1,043,000 after buying an additional 54,155 shares in the last quarter. 34.46% of the stock is owned by institutional investors.

In other news, Chairman Ramin Kamfar acquired 1,386 shares of Bluerock Residential Growth REIT stock in a transaction on Wednesday, August 22nd. The stock was bought at an average cost of $21.56 per share, with a total value of $29,882.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CIO James G. Babb III acquired 3,000 shares of Bluerock Residential Growth REIT stock in a transaction on Saturday, November 17th. The shares were purchased at an average cost of $11.31 per share, with a total value of $33,930.00. Following the completion of the purchase, the executive now directly owns 1,000 shares of the company’s stock, valued at approximately $11,310. The disclosure for this purchase can be found here. Insiders acquired a total of 6,386 shares of company stock valued at $85,992 over the last three months. 4.96% of the stock is owned by corporate 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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Earnings History and Estimates for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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