Bluerock Residential Growth REI with ticker code (BRG) now have 4 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 29.85 and 9.5 calculating the mean target price we have 20.46. With the stocks previous close at 26.5 this is indicating there is a potential downside of -22.8%. The day 50 moving average is 26.51 and the 200 moving average now moves to 16.34. The company has a market capitalisation of $734m. Company Website: https://www.bluerockresidential.com
The potential market cap would be $567m 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.
