Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 504,394 shares, a decrease of 12.4% from the April 15th total of 576,029 shares. Based on an average daily volume of 128,537 shares, the short-interest ratio is currently 3.9 days. Currently, 2.2% of the shares of the company are sold short.

Several hedge funds have recently made changes to their positions in BRG. BlackRock Inc. grew its holdings in Bluerock Residential Growth REIT by 3.0% during the third quarter. BlackRock Inc. now owns 1,669,645 shares of the financial services provider’s stock worth $16,364,000 after acquiring an additional 48,221 shares during the period. Dimensional Fund Advisors LP grew its holdings in Bluerock Residential Growth REIT by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 354,725 shares of the financial services provider’s stock worth $3,476,000 after acquiring an additional 8,660 shares during the period. Renaissance Technologies LLC grew its holdings in Bluerock Residential Growth REIT by 45.3% during the third quarter. Renaissance Technologies LLC now owns 292,200 shares of the financial services provider’s stock worth $2,864,000 after acquiring an additional 91,100 shares during the period. Vanguard Group Inc. grew its holdings in Bluerock Residential Growth REIT by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,187,687 shares of the financial services provider’s stock worth $11,639,000 after acquiring an additional 17,536 shares during the period. Finally, Vanguard Group Inc grew its holdings in Bluerock Residential Growth REIT by 1.5% during the third quarter. Vanguard Group Inc now owns 1,187,687 shares of the financial services provider’s stock worth $11,639,000 after acquiring an additional 17,536 shares during the period. 34.46% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on BRG. Boenning Scattergood reissued a “buy” rating and issued a $12.00 price objective on shares of Bluerock Residential Growth REIT in a report on Wednesday, May 8th. Zacks Investment Research lowered Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Finally, TheStreet raised Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a report on Thursday, January 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Bluerock Residential Growth REIT has a consensus rating of “Buy” and a consensus price target of $11.67.

Shares of BRG stock opened at $11.38 on Thursday. Bluerock Residential Growth REIT has a fifty-two week low of $8.19 and a fifty-two week high of $11.76.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.65). The firm had revenue of $51.47 million during the quarter, compared to analyst estimates of $51.15 million.

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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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