Bluerock Residential Growth REIT (BRG) Releases Quarterly Earnings Results, Misses Estimates By $0.65 EPS

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) posted its earnings results on Tuesday, May 7th. The financial services provider reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.65), MarketWatch Earnings reports. The firm had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $51.15 million.

Shares of NYSEAMERICAN:BRG opened at $11.38 on Friday. Bluerock Residential Growth REIT has a 1-year low of $8.19 and a 1-year high of $11.77.

A number of research analysts recently issued reports on the stock. Boenning Scattergood reiterated a “buy” rating and issued a $12.00 price objective on shares of Bluerock Residential Growth REIT in a report on Wednesday, May 8th. Zacks Investment Research lowered shares of Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Bluerock Residential Growth REIT presently has a consensus rating of “Buy” and an average target price of $11.67.

An institutional investor recently raised its position in Bluerock Residential Growth REIT stock. Geode Capital Management LLC lifted its holdings in shares of Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,958 shares of the financial services provider’s stock after purchasing an additional 30,107 shares during the period. Geode Capital Management LLC owned about 1.25% of Bluerock Residential Growth REIT worth $2,678,000 at the end of the most recent reporting period. 34.46% of the stock is currently owned by institutional investors and hedge funds.

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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.

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Earnings History for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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