Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) Given $13.13 Average Target Price by Analysts

Shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) have earned a consensus broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s rating score has declined by 7.1% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a one year consensus price objective of $13.13 for the company and are anticipating that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) an industry rank of 39 out of 256 based on the ratings given to related companies.

Separately, DA Davidson reiterated a “buy” rating on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research note on Monday, July 29th.

BRG traded up $0.06 during mid-day trading on Friday, hitting $12.05. 133,300 shares of the stock were exchanged, compared to its average volume of 149,906. The firm’s fifty day moving average price is $12.15. The company has a market cap of $265.58 million, a P/E ratio of 16.74 and a beta of 0.36. The company has a current ratio of 243.33, a quick ratio of 243.33 and a debt-to-equity ratio of 15.86. Bluerock Residential Growth REIT Inc Class A has a 1-year low of $8.19 and a 1-year high of $12.65.

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) 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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