Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 449,000 shares, a decline of 14.4% from the June 15th total of 524,400 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 162,700 shares, the days-to-cover ratio is currently 2.8 days.

NYSEAMERICAN:BRG opened at $11.89 on Monday. Bluerock Residential Growth REIT has a 52 week low of $8.19 and a 52 week high of $12.28.

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 (EPS) for the quarter, missing the consensus estimate 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.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Tuesday, June 25th were given a $0.1625 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.65 dividend on an annualized basis and a yield of 5.47%.

Several brokerages have recently issued reports on BRG. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, July 16th. Boenning Scattergood reaffirmed a “buy” rating and issued a $12.00 price target on shares of Bluerock Residential Growth REIT in a report on Wednesday, May 8th.

Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its position in Bluerock Residential Growth REIT by 523.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,993 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 4,192 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Bluerock Residential Growth REIT by 668.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,970 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 8,672 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Bluerock Residential Growth REIT during the 4th quarter worth approximately $103,000. MetLife Investment Advisors LLC purchased a new position in shares of Bluerock Residential Growth REIT during the 4th quarter worth approximately $107,000. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Bluerock Residential Growth REIT during the 1st quarter worth approximately $111,000. Hedge funds and other institutional investors own 34.46% of the company’s stock.

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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