Bluerock Residential Growth REI found using ticker (BRG) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 29.85 and 9.5 calculating the mean target price we have 20.46. Given that the stocks previous close was at 26.48 this would indicate that there is a downside of -22.7%. There is a 50 day moving average of 25.82 and the 200 moving average now moves to 15.48. The market cap for the company is $729m. Visit the company website at: https://www.bluerockresidential.com
The potential market cap would be $563m 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.
