Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) – Research analysts at DA Davidson boosted their Q1 2018 earnings per share (EPS) estimates for Bluerock Residential Growth REIT in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. DA Davidson analyst J. Lykins now anticipates that the financial services provider will earn $0.10 per share for the quarter, up from their prior forecast of $0.06. DA Davidson also issued estimates for Bluerock Residential Growth REIT’s Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.43 EPS and FY2019 earnings at $0.54 EPS.
Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported ($1.87) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($1.91). Bluerock Residential Growth REIT had a negative return on equity of 98.46% and a negative net margin of 129.33%. The firm had revenue of $36.45 million during the quarter, compared to the consensus estimate of $34.95 million.
Bluerock Residential Growth REIT (BRG) traded down $0.02 during trading hours on Monday, reaching $8.42. The company’s stock had a trading volume of 189,519 shares, compared to its average volume of 390,692. The company has a current ratio of 304.45, a quick ratio of 304.45 and a debt-to-equity ratio of 2.47. Bluerock Residential Growth REIT has a 1-year low of $7.02 and a 1-year high of $13.77. The company has a market cap of $201.76, a P/E ratio of -4.55 and a beta of 0.54.
Several institutional investors have recently made changes to their positions in BRG. Virtu Financial LLC purchased a new position in shares of Bluerock Residential Growth REIT in the 4th quarter worth approximately $104,000. Capital Investment Advisory Services LLC purchased a new position in Bluerock Residential Growth REIT during the 4th quarter valued at $164,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Bluerock Residential Growth REIT by 63.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,652 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 6,438 shares during the period. Stockman Wealth Management Inc. purchased a new position in Bluerock Residential Growth REIT during the 4th quarter valued at $208,000. Finally, Claraphi Advisory Network LLC purchased a new position in Bluerock Residential Growth REIT during the 4th quarter valued at $273,000. Hedge funds and other institutional investors own 34.46% of the company’s stock.
Bluerock Residential Growth REIT declared that its board has initiated a share buyback plan on Wednesday, February 14th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 23rd will be issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date is Thursday, March 22nd. Bluerock Residential Growth REIT’s dividend payout ratio (DPR) is -62.70%.
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About Bluerock Residential Growth REIT
Bluerock Residential Growth REIT, Inc is a real estate investment trust. The Company is focused on acquiring a portfolio of residential real estate assets. As of December 31, 2016, the Company’s portfolio consisted of interests in 31 properties (21 operating and 10 development properties). As of December 31, 2016, its properties contained an aggregate of 9,570 units, consisting of 6,972 operating units and 2,598 units under development.
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