BlackRock Inc. Has $15.64 Million Holdings in Bluerock Residential Growth REIT Inc (BRG)

BlackRock Inc. raised its stake in shares of Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,734,100 shares of the financial services provider’s stock after acquiring an additional 64,455 shares during the period. BlackRock Inc. owned approximately 7.32% of Bluerock Residential Growth REIT worth $15,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BRG. JPMorgan Chase & Co. raised its stake in Bluerock Residential Growth REIT by 47.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 104,607 shares of the financial services provider’s stock valued at $1,024,000 after acquiring an additional 33,529 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Bluerock Residential Growth REIT by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 354,725 shares of the financial services provider’s stock worth $3,476,000 after purchasing an additional 8,660 shares during the period. Renaissance Technologies LLC increased its position in Bluerock Residential Growth REIT by 45.3% during the 3rd quarter. Renaissance Technologies LLC now owns 292,200 shares of the financial services provider’s stock worth $2,864,000 after purchasing an additional 91,100 shares during the period. Vanguard Group Inc. increased its position in Bluerock Residential Growth REIT by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,187,687 shares of the financial services provider’s stock worth $11,639,000 after purchasing an additional 17,536 shares during the period. Finally, Vanguard Group Inc increased its position in Bluerock Residential Growth REIT by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 1,187,687 shares of the financial services provider’s stock worth $11,639,000 after purchasing an additional 17,536 shares during the period. 34.46% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on BRG. Zacks Investment Research cut Bluerock Residential Growth REIT from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Boenning Scattergood reiterated a “buy” rating and set a $10.50 target price on shares of Bluerock Residential Growth REIT in a research report on Friday, February 15th. Finally, TheStreet upgraded Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a report on Thursday, January 24th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.17.

BRG opened at $11.00 on Wednesday. Bluerock Residential Growth REIT Inc has a 1-year low of $8.19 and a 1-year high of $11.24.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last announced its earnings results on Thursday, February 14th. The financial services provider reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.66). The business had revenue of $50.01 million during the quarter, compared to analysts’ expectations of $48.35 million.

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 25th were issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend was Friday, March 22nd.

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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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Institutional Ownership by Quarter for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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