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

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) – Investment analysts at DA Davidson issued their FY2018 earnings per share estimates for Bluerock Residential Growth REIT in a research note issued to investors on Tuesday, November 6th. DA Davidson analyst J. Lykins anticipates that the financial services provider will earn $0.48 per share for the year. DA Davidson also issued estimates for Bluerock Residential Growth REIT’s Q4 2018 earnings at $0.09 EPS.

Several other brokerages have also weighed in on BRG. Boenning Scattergood set a $11.00 target price on shares of Bluerock Residential Growth REIT and gave the company a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Bluerock Residential Growth REIT from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research report on Friday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Bluerock Residential Growth REIT has an average rating of “Buy” and a consensus target price of $11.50.

Shares of Bluerock Residential Growth REIT stock opened at $9.14 on Friday. Bluerock Residential Growth REIT has a twelve month low of $7.02 and a twelve month high of $11.75.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last issued its earnings results 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 firm had revenue of $47.88 million for the quarter, compared to analyst estimates of $46.14 million.

In other news, Chairman Ramin Kamfar purchased 1,386 shares of Bluerock Residential Growth REIT stock in a transaction on Wednesday, August 22nd. The shares were purchased at an average cost of $21.56 per share, for a total transaction of $29,882.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO James G. Babb III purchased 3,000 shares of Bluerock Residential Growth REIT stock in a transaction on Saturday, November 17th. The stock was purchased at an average price of $11.31 per share, for a total transaction of $33,930.00. Following the completion of the transaction, the executive now 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 90 days, insiders acquired 6,386 shares of company stock worth $85,992. Company insiders own 4.96% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. boosted its position in Bluerock Residential Growth REIT by 117.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,415 shares of the financial services provider’s stock valued at $131,000 after buying an additional 8,314 shares in the last quarter. BRYN MAWR TRUST Co acquired a new position in Bluerock Residential Growth REIT in the second quarter valued at about $148,000. Capital Investment Advisory Services LLC acquired a new position in Bluerock Residential Growth REIT in the third quarter valued at about $250,000. Teachers Insurance & Annuity Association of America boosted its position in Bluerock Residential Growth REIT by 24.8% in the second quarter. Teachers Insurance & Annuity Association of America now owns 30,596 shares of the financial services provider’s stock valued at $273,000 after buying an additional 6,087 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Bluerock Residential Growth REIT in the second quarter valued at about $648,000. Hedge funds and other institutional investors own 34.46% of the company’s stock.

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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