Bluerock Residential Growth REI with ticker code (BRG) now have 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 with the average target price sitting at 20.46. Given that the stocks previous close was at 26.54 this now indicates there is a potential downside of -22.9%. There is a 50 day moving average of 26.51 while the 200 day moving average is 16.76. The market cap for the company is $732m. Find out more information at: https://www.bluerockresidential.com
The potential market cap would be $564m 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 luded 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 ome tax purposes. Bluerock Residential Growth REIT operates as a subsidiary of Bluerock Multifamily Advisor, LLC.
