Stock of The Day: Is Bluerock Residential Growth REIT Inc a Sell? The Stock Declines Again

Stock of The Day: Is Bluerock Residential Growth REIT Inc a Sell? The Stock Declines Again

The stock of Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) is a huge mover today! The stock decreased 3.38% or $0.42 on October 5, hitting $12.02. Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) has risen 18.51% since March 2, 2016 and is uptrending. It has outperformed by 10.25% the S&P500.
The move comes after 5 months negative chart setup for the $242.31M company. It was reported on Oct, 6 by Barchart.com. We have $10.82 PT which if reached, will make NYSEMKT:BRG worth $24.23M less.

Analysts await Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) to report earnings on November, 10. They expect $0.09 earnings per share, down 59.09% or $0.13 from last year’s $0.22 per share. BRG’s profit will be $1.81M for 33.39 P/E if the $0.09 EPS becomes a reality. After $0.21 actual earnings per share reported by Bluerock Residential Growth REIT Inc for the previous quarter, Wall Street now forecasts -57.14% negative EPS growth.

Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) Ratings Coverage

Out of 3 analysts covering Bluerock Residential Growth REIT (NYSEMKT:BRG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Bluerock Residential Growth REIT has been the topic of 3 analyst reports since August 20, 2015 according to StockzIntelligence Inc. On Thursday, August 20 the stock rating was maintained by Compass Point with “Buy”. The rating was initiated by JMP Securities on Thursday, July 21 with “Market Outperform”.

According to Zacks Investment Research, “Bluerock Residential Growth REIT, Inc. operates as a real estate investment trust. It acquires apartment properties in demographically attractive growth markets throughout the United States. Bluerock Residential Growth REIT, Inc. is based in New York.”

More notable recent Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) news were published by: Prnewswire.com which released: “Bluerock Residential Growth REIT (BRG) Announces Public Offering of Series D …” on October 05, 2016, also Seekingalpha.com with their article: “The Numbers Don’t Add Up At Bluerock Residential Growth REIT” published on July 05, 2016, Seekingalpha.com published: “Bluerock Residential Growth REIT: A View From The Perspective Of A Preferred …” on July 19, 2016. More interesting news about Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) were released by: Prnewswire.com and their article: “Bluerock Residential Growth REIT (BRG) Announces Monthly Series B Preferred …” published on April 15, 2016 as well as Nasdaq.com‘s news article titled: “Cash Dividend On The Way From Bluerock Residential Growth REIT Series A …” with publication date: September 19, 2016.

BRG Company Profile

Bluerock Residential Growth REIT, Inc., incorporated on July 25, 2008, is a real estate investment trust (REIT). The Company’s business consists of investing in and operating multifamily communities. The Firm operates through real estate assets segment. The Firm was incorporated to raise capital and acquire a portfolio of residential real estate assets. The Company’s businesses are conducted through its operating partnership, Bluerock Residential Holdings, L.P. The Company’s 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 activities and net asset value.

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