November 28, 2016 - By Ruchi Gupta · 0 Comments
The stock of Bluerock Residential Growth Reit (NYSEMKT:BRG) registered an increase of 3.92% in short interest. BRG’s total short interest was 617,200 shares in November as published by FINRA. Its up 3.92% from 593,900 shares, reported previously. With 73,900 shares average volume, it will take short sellers 8 days to cover their BRG’s short positions. The short interest to Bluerock Residential Growth Reit’s float is 3.17%. The stock closed at $13.2 during the last session. It is down 21.77% since April 25, 2016 and is uptrending. It has outperformed by 15.76% the S&P500.
Bluerock Residential Growth REIT, Inc. is a real estate investment trust. The company has a market cap of $259.46 million. The Company’s business consists of investing in and operating multifamily communities. It currently has negative earnings. The Firm operates through real estate assets segment.
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 stock of Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) earned “Buy” rating by Compass Point on Thursday, August 20. The stock has “Market Outperform” rating given by JMP Securities on Thursday, July 21.
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.
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, Seekingalpha.com published: “The Numbers Don’t Add Up At Bluerock Residential Growth REIT” on July 05, 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) Prices Series D Preferred Stock Offering” published on October 06, 2016 as well as Seekingalpha.com‘s news article titled: “Bluerock Residential Growth REIT: A View From The Perspective Of A Preferred …” with publication date: July 19, 2016.
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By Ruchi Gupta