Bluerock Residential Growth REI with ticker code (BRG) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 29.85 and 9.5 and has a mean target at 20.46. Given that the stocks previous close was at 26.45 this now indicates there is a potential downside of -22.6%. There is a 50 day moving average of 21.34 while the 200 day moving average is 13.86. The company has a market capitalisation of $731m. You can visit the company’s website by visiting: https://www.bluerockresidential.com
The potential market cap would be $565m based on the market concensus.
Bluerock Residential Growth REIT (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. The Company’s objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value-add improvements to properties and to operations. The Company is included in the Russell 2000 and Russell 3000 Indexes. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Bluerock Residential Growth REIT operates as a subsidiary of Bluerock Multifamily Advisor, LLC.
