Bluerock Residential Growth REIT Inc (BRG) was Initiated by JMP Securities to “Mkt Outperform”. JMP Securities advised their investors in a research report released on Jul 21, 2016.
Many Wall Street Analysts have commented on Bluerock Residential Growth REIT Inc. 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 .Company shares were Reiterated by Compass Point on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 15.50 from a previous price target of $15 .
Bluerock Residential Growth REIT Inc opened for trading at $13.3 and hit $13.5 on the upside on Wednesday, eventually ending the session at $13.49, with a gain of 1.05% or 0.14 points. The heightened volatility saw the trading volume jump to 2,11,332 shares. Company has a market cap of $264 M.
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.