Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported ($0.53) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.65), MarketWatch Earnings reports. The firm had revenue of $51.47 million during the quarter, compared to analysts’ expectations of $51.15 million.
Shares of BRG stock opened at $11.38 on Friday. Bluerock Residential Growth REIT has a 52-week low of $8.19 and a 52-week high of $11.77.
BRG has been the subject of several research reports. Boenning Scattergood reissued a “buy” rating and set a $12.00 price objective on shares of Bluerock Residential Growth REIT in a report on Wednesday, May 8th. Zacks Investment Research lowered Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $11.67.
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Bluerock Residential Growth REIT 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.
Further Reading: What is diluted earnings per share (Diluted EPS)?
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