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 with the average target price sitting at 20.46. Now with the previous closing price of 26.59 this now indicates there is a potential downside of -23.1%. The 50 day moving average now sits at 26.53 and the 200 day MA is 17.18. The market cap for the company is $733m. Company Website: 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 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.
