Bluerock Residential Growth REIT Inc (BRG) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 . FBR Capital advised their investors in a research report released on Aug 9, 2016.
Many Wall Street Analysts have commented on Bluerock Residential Growth REIT Inc. Bluerock Residential Growth REIT Inc was Initiated by JMP Securities to “Mkt Outperform” on Jul 21, 2016. Company shares were Reiterated by FBR Capital on Jul 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .
Bluerock Residential Growth REIT Inc closed down -0.19 points or -1.38% at $13.55 with 1,57,647 shares getting traded on Monday. Post opening the session at $13.69, the shares hit an intraday low of $13.52 and an intraday high of $13.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Dec 14, 2015, Gary Kachadurian (director) purchased 4,600 shares at $10.90 per share price.
Bluerock Residential Growth REIT Inc. is a real estate investment trust. The Company’s business consists of investing in and operating multifamily communities. The Company is focused on acquiring a portfolio of Class A institutional-quality apartment properties. The Company’s business is conducted through its operating partnership Bluerock Residential Holdings L.P. Its principal business objective is to generate risk-adjusted investment returns by assembling a portfolio of apartment properties located in growth markets and by implementing its investment strategies to achieve sustainable long-term growth in both its funds from operations and net asset value. The Company’s portfolio consists of interests in over 10 properties including Alexan CityCentre ARIUM Grande Lakes Ashton Reserve Enders and Lansbrook Village. The Company’s operating properties consist of approximately 3200 units. The Ashton Reserve Apartments consists of one- two- and three-bedroom layouts.