Bluerock Residential Growth REIT Inc (BRG) Rating Lowered to Hold at BidaskClub

Bluerock Residential Growth REIT Inc (NYSEMKT:BRG) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Separately, FBR & Co reaffirmed an “outperform” rating on shares of Bluerock Residential Growth REIT in a report on Tuesday, July 11th.

Bluerock Residential Growth REIT (NYSEMKT:BRG) traded down $0.32 during trading hours on Thursday, reaching $10.97. The company’s stock had a trading volume of 379,773 shares, compared to its average volume of 265,252. 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 12 month low of $9.68 and a 12 month high of $14.77.

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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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