Schwab Charles Investment Management Inc. maintained its stake in Bluerock Residential Growth REIT Inc (NYSE:BRG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,408 shares of the company’s stock at the close of the second quarter. Schwab Charles Investment Management Inc.’s holdings in Bluerock Residential Growth REIT were worth $534,000 as of its most recent SEC filing.
Separately, Harbour Capital Advisors LLC lifted its holdings in shares of Bluerock Residential Growth REIT by 1,189.0% during the second quarter. Harbour Capital Advisors LLC now owns 122,455 shares of the company’s stock valued at $9,500,000 after acquiring an additional 112,955 shares during the period.
Shares of Bluerock Residential Growth REIT Inc (BRG) opened at $10.97 on Friday. Bluerock Residential Growth REIT Inc has a 12-month low of $9.68 and a 12-month high of $14.77.
The company also recently disclosed a monthly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a $0.0967 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $1.16 dividend on an annualized basis and a yield of 10.57%.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Bluerock Residential Growth REIT from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Bluerock Residential Growth REIT in a report on Tuesday, July 11th. Northland Securities reaffirmed a “buy” rating and issued a $14.85 price target on shares of Bluerock Residential Growth REIT in a report on Tuesday, September 5th. Finally, Compass Point cut Bluerock Residential Growth REIT from a “buy” rating to a “neutral” rating and cut their price target for the company from $16.50 to $11.00 in a report on Monday, August 7th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $13.81.
Bluerock Residential Growth REIT Profile
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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