Bluerock Residential Growth REIT Inc (BRG) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 15.50 from a previous price target of $15 . Compass Point advised their investors in a research report released on Apr 26, 2016.
Many Wall Street Analysts have commented on Bluerock Residential Growth REIT Inc. Shares were Reiterated by DA Davidson on Apr 21, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $15 .FBR Capital Initiated Bluerock Residential Growth REIT Inc on Apr 7, 2016 to “Outperform”, Price Target of the shares are set at $13.
Bluerock Residential Growth REIT Inc (BRG) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $10.88 and reached the intraday high at $11. The bulls started the profit booking and pushed the shares to intraday low of $10.76. The trading session was marked by a volume range of 81,781 shares exchanging hands. The 52-week high of the shares is $14.07 and the 52-week low is $9.06. The market cap of the company stands at $212 M and there are 1,95,56,462 shares in public circulation.
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.