Brokerages Anticipate Bluerock Residential Growth REIT, Inc. (BRG) Will Announce Earnings of $0.19 Per Share

Brokerages forecast that Bluerock Residential Growth REIT, Inc. (NASDAQ:BRG) will announce earnings of $0.19 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Bluerock Residential Growth REIT’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. Bluerock Residential Growth REIT reported earnings per share of $0.18 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The company is expected to issue its next quarterly earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Bluerock Residential Growth REIT will report full-year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.72 to $0.77. For the next year, analysts anticipate that the business will report earnings of $0.80 per share, with EPS estimates ranging from $0.77 to $0.84. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Bluerock Residential Growth REIT.

Separately, B. Riley reissued a “buy” rating on shares of Bluerock Residential Growth REIT in a report on Tuesday, November 6th.

Shares of BRG opened at $10.60 on Friday. Bluerock Residential Growth REIT has a 1 year low of $7.47 and a 1 year high of $11.24.

About Bluerock Residential Growth REIT

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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