Wall Street brokerages forecast that Bluerock Residential Growth REIT Inc (NYSE:BRG) will report $0.06 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Bluerock Residential Growth REIT’s earnings. Bluerock Residential Growth REIT posted earnings of $0.22 per share in the same quarter last year, which would suggest a negative year over year growth rate of 72.7%. The company is scheduled to report its next quarterly earnings results on Thursday, November 10th.
On average, analysts expect that Bluerock Residential Growth REIT will report full year earnings of $0.00 per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $0.00 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Bluerock Residential Growth REIT.
Bluerock Residential Growth REIT (NYSE:BRG) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The company earned $18.40 million during the quarter, compared to analysts’ expectations of $18.08 million.
BRG has been the topic of a number of recent analyst reports. FBR & Co upped their price target on shares of Bluerock Residential Growth REIT from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, July 14th. JMP Securities initiated coverage on shares of Bluerock Residential Growth REIT in a research note on Thursday, July 21st. They set an “outperform” rating and a $16.00 price target on the stock.
Shares of Bluerock Residential Growth REIT (NYSE:BRG) opened at 12.26 on Monday. The stock’s market capitalization is $239.87 million. Bluerock Residential Growth REIT has a 1-year low of $9.06 and a 1-year high of $14.79. The stock has a 50 day moving average of $13.01 and a 200-day moving average of $12.40.
In other Bluerock Residential Growth REIT news, insider Christopher J. Vohs acquired 2,500 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were purchased at an average cost of $13.26 per share, with a total value of $33,150.00. Following the purchase, the insider now owns 500 shares in the company, valued at $6,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
About Bluerock Residential Growth REIT
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company’s business consists of investing in and operating multifamily communities. The Company operates through real estate assets segment. Its businesses are conducted through its operating partnership, Bluerock Residential Holdings, L.P.
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