JMP Securities Initiates Coverage on Bluerock Residential Growth REIT Inc to Market Outperform

JMP Securities Initiates Coverage on Bluerock Residential Growth REIT Inc(NYSEMKT:BRG). The shares have been rated Market Outperform. The rating by JMP Securities was issued on Jul 21, 2016.

Bluerock Residential Growth REIT Inc (BRG) made into the market gainers list on Wednesdays trading session with the shares advancing 1.05% or 0.14 points. Due to strong positive momentum, the stock ended at $13.49, which is also near the day’s high of $13.5. The stock began the session at $13.3 and the volume stood at 2,11,332 shares. The 52-week high of the shares is $13.44 and the 52 week low is $9.06. The company has a current market capitalization of $264 M and it has 1,95,64,752 shares in outstanding.

Bluerock Residential Growth REIT Inc(BRG) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $16.60M. Analysts had an estimated revenue of $15.30M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Dec 14, 2015, Gary Kachadurian (director) purchased 4,600 shares at $10.90 per share price.

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 is focused on acquiring a portfolio of Class A institutional-quality apartment properties. The Company’s business is conducted through its operating partnership Bluerock Residential Holdings L.P. Its 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 operations and net asset value. The Company’s portfolio consists of interests in over 10 properties including Alexan CityCentre ARIUM Grande Lakes Ashton Reserve Enders and Lansbrook Village. The Company’s operating properties consist of approximately 3200 units. The Ashton Reserve Apartments consists of one- two- and three-bedroom layouts.

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