Bluerock Residential Growth Reit (NYSEMKT:BRG) Could Burn Your Long Portfolio After More Shorts

September 17, 2017 - By Adrian Mccoy

 Bluerock Residential Growth Reit (NYSEMKT:BRG) Could Burn Your Long Portfolio After More Shorts

The stock of Bluerock Residential Growth Reit (NYSEMKT:BRG) registered an increase of 19.15% in short interest. BRG’s total short interest was 660,800 shares in September as published by FINRA. Its up 19.15% from 554,600 shares, reported previously. With 236,900 shares average volume, it will take short sellers 3 days to cover their BRG’s short positions. The short interest to Bluerock Residential Growth Reit’s float is 2.75%.

The stock increased 0.10% or $0.01 on September 15, reaching $10.39. About 294,745 shares traded. Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) has risen 10.90% since September 17, 2016 and is uptrending. It has underperformed by 5.80% the S&P500.

Bluerock Residential Growth REIT, Inc. is a real estate investment trust. The company has market cap of $251.36 million. The Firm is focused on acquiring a portfolio of residential real estate assets. It has a 1245.8 P/E ratio. As of December 31, 2016, the Company’s portfolio consisted of interests in 31 properties .

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

Among 4 analysts covering Bluerock Residential Growth REIT (NYSEMKT:BRG), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Bluerock Residential Growth REIT had 5 analyst reports since August 20, 2015 according to SRatingsIntel. On Thursday, July 21 the stock rating was initiated by JMP Securities with “Market Outperform”. As per Monday, August 7, the company rating was downgraded by Compass Point. FBR Capital downgraded Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) on Wednesday, January 4 to “Mkt Perform” rating. The rating was maintained by Compass Point with “Buy” on Thursday, August 20.

More notable recent Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) news were published by: Seekingalpha.com which released: “9% Yield And 50% Upside At Bluerock Residential Growth REIT” on September 03, 2014, also Nasdaq.com with their article: “Bluerock Residential Growth REIT, Inc. (BRG) Ex-Dividend Date Scheduled for …” published on July 20, 2017, Seekingalpha.com published: “Bluerock Residential Growth REIT: A View From The Perspective Of A Preferred …” on January 30, 2017. 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 August and September 2017 …” published on August 09, 2017 as well as Seekingalpha.com‘s news article titled: “Bluerock Internalizes Management – Is A Dividend Cut Coming?” with publication date: August 07, 2017.

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