Bluerock Residential Growth REI – Consensus Indicates Potential -11.0% Downside

Broker Ratings

Bluerock Residential Growth REI found using ticker (BRG) have now 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 10 and 8 calculating the mean target price we have 9.42. Now with the previous closing price of 10.58 this now indicates there is a potential downside of -11.0%. The day 50 moving average is 8.95 and the 200 moving average now moves to 7.91. The company has a market capitalisation of $250m. Visit the company website at: http://www.bluerockresidential.com

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.

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