Bluerock Residential Growth Reit, Inc. (BRG): Christopher J. Vohs , Chief Accounting Officer of Bluerock Residential Growth Reit, Inc. purchased 2,500 shares on Sep 20, 2016. The Insider buying transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.26 per share for a total value of $33,145.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 2, 2016, Ramin Kamfar (Chairman, CEO and President) sold 20,950 shares at $0.00 per share price.On Dec 14, 2015, Gary Kachadurian (director) purchased 4,600 shares at $10.90 per share price.
Shares of Bluerock Residential Growth REIT Inc (BRG) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -0.45% at $13.2 with 58,707 shares getting traded. Post opening the session at $13.35, the shares hit an intraday low of $13.151 and an intraday high of $13.39 and the price vacillated in this range throughout the day. The company has a market cap of $258 M and the number of outstanding shares has been calculated to be 1,95,65,807 shares. The 52-week high of Bluerock Residential Growth REIT Inc is $13.9 and the 52-week low is $9.06.
Company has been under the radar of several Street Analysts.Bluerock Residential Growth REIT Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 .The Rating was issued on Aug 9, 2016.Bluerock Residential Growth REIT Inc is Initiated by JMP Securities to Mkt Outperform. The Rating was issued on Jul 21, 2016.Bluerock Residential Growth REIT Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 .The Rating was issued on Jul 14, 2016.
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.