EJF Capital LLC Increases Holdings in Bluerock Residential Growth REIT, Inc. (BRG)

EJF Capital LLC lifted its stake in shares of Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) by 21.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,000 shares of the financial services provider’s stock after purchasing an additional 15,000 shares during the quarter. EJF Capital LLC owned about 0.35% of Bluerock Residential Growth REIT worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

Shares of Bluerock Residential Growth REIT, Inc. (BRG) remained flat at $$11.21 during trading on Tuesday. The company had a trading volume of 106,700 shares, compared to its average volume of 263,355. 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, Inc. has a 12 month low of $9.68 and a 12 month high of $14.14.

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 24th will be given a dividend of $0.097 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date is Wednesday, November 22nd. Bluerock Residential Growth REIT’s payout ratio is -362.50%.

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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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