Price Action Report: Today Bluerock Residential Growth REIT Inc Stock Reaches 52-Week High

Price Action Report: Today Bluerock Residential Growth REIT Inc Stock Reaches 52 Week High

The stock of Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) hit a new 52-week high and has $30.17 target or 127.00% above today’s $13.29 share price. The 9 months bullish chart indicates low risk for the $257.70 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $30.17 price target is reached, the company will be worth $327.28 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 25,371 shares traded hands. Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) has risen 16.18% since April 19, 2016 and is uptrending. It has outperformed by 12.32% the S&P500.

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. The firm has “Market Outperform” rating by JMP Securities given on Thursday, July 21. Compass Point maintained the shares of BRG in a report on Thursday, August 20 with “Buy” rating.

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: Nasdaq.com which released: “Bluerock Residential Growth REIT, Inc. (BRG) Ex-Dividend Date Scheduled for …” on November 21, 2016, also Nasdaq.com with their article: “Bluerock Residential Growth REIT, Inc. (BRG) Ex-Dividend Date Scheduled for …” published on October 20, 2016, Prnewswire.com published: “Bluerock Residential Growth REIT (BRG) Announces Third Quarter Dividends on 8 …” on September 12, 2016. More interesting news about Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) were released by: Seekingalpha.com and their article: “The Numbers Don’t Add Up At Bluerock Residential Growth REIT” published on July 05, 2016 as well as Prnewswire.com‘s news article titled: “Bluerock Residential Growth REIT (BRG) Announces Termination of Offering of …” with publication date: February 23, 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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