Bluerock Residential Growth REI with ticker code (BRG) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 29.85 and 27 with a mean TP of 28.28. With the stocks previous close at 26.03 this indicates there is a potential upside of 8.6%. The 50 day moving average now sits at 26.28 while the 200 day moving average is 23.9. The market capitalisation for the company is $936m. Visit the company website at: https://www.bluerockresidential.com
The potential market cap would be $1,017m 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.
