Bluerock Residential Growth REI with ticker code (BRG) now have 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 29.85 and 27 with a mean TP of 28.28. With the stocks previous close at 25.78 this would indicate that there is a potential upside of 9.7%. There is a 50 day moving average of 26.41 and the 200 day moving average is 21.92. The market cap for the company is $942m. Find out more information at: https://www.bluerockresidential.com
The potential market cap would be $1,034m 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.
