Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) Updates FY 2021 Earnings Guidance

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.650-0.700 for the period. The company issued revenue guidance of -.

BRG has been the topic of a number of analyst reports. B. Riley lifted their price target on Bluerock Residential Growth REIT from $10.00 to $11.00 and gave the company a neutral rating in a report on Friday, February 12th. Zacks Investment Research upgraded Bluerock Residential Growth REIT from a hold rating to a buy rating and set a $11.00 target price on the stock in a research note on Tuesday, May 25th. Finally, BTIG Research upgraded shares of Bluerock Residential Growth REIT from a sell rating to a neutral rating in a report on Tuesday, April 27th.

Shares of Bluerock Residential Growth REIT stock traded down $0.04 during trading on Thursday, reaching $10.08. The company’s stock had a trading volume of 15,185 shares, compared to its average volume of 345,080. Bluerock Residential Growth REIT has a 1-year low of $6.71 and a 1-year high of $12.83. The company has a 50-day moving average price of $10.19. The company has a debt-to-equity ratio of 19.24, a quick ratio of 233.60 and a current ratio of 233.60. The stock has a market capitalization of $284.42 million, a P/E ratio of -44.09, a price-to-earnings-growth ratio of 5.32 and a beta of 0.96.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last released its quarterly earnings results on Sunday, May 9th. The financial services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $1.53. Bluerock Residential Growth REIT had a return on equity of 81.26% and a net margin of 25.41%. As a group, equities analysts predict that Bluerock Residential Growth REIT will post 0.3 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Thursday, March 25th were paid a $0.1625 dividend. The ex-dividend date was Wednesday, March 24th. This is a boost from Bluerock Residential Growth REIT’s previous quarterly dividend of $0.16. This represents a $0.65 dividend on an annualized basis and a yield of 6.45%. Bluerock Residential Growth REIT’s dividend payout ratio (DPR) is 90.28%.

In other Bluerock Residential Growth REIT news, CFO Christopher J. Vohs purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 19th. The shares were bought at an average price of $22.50 per share, for a total transaction of $112,500.00. Following the acquisition, the chief financial officer now owns 12,500 shares in the company, valued at $281,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher J. Vohs purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 21st. The stock was acquired at an average price of $22.50 per share, for a total transaction of $56,250.00. Following the acquisition, the chief financial officer now owns 15,000 shares in the company, valued at approximately $337,500. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,984 shares of company stock worth $192,154. 23.82% of the stock is owned by insiders.

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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