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Bluerock Residential Growth REIT Inc 14.6% Potential Upside Indicated by DA Davidson

Bluerock Residential Growth REIT Inc using SYMBOL code NYSEMKT:BRG has had its stock rating noted as ‘Coverage Initiated’ with the recommendation being set at ‘BUY’ today by analysts at DA Davidson. Bluerock Residential Growth REIT Inc are listed in the Finance sector within NYSEMKT. DA Davidson have set a target price of 16 USD on its stock. This would imply the analyst believes there is a potential upside of 14.6% from the opening price of 13.67 USD. Bluerock Residential Growth REIT Inc NYSEMKT:BRG has a 50 day moving average of 13.62 USD and a 200 day moving average of 13.24 USD. The 52 week high share price is 14.4 USD while the year low share price is currently 11.21 USD.

 

Bluerock Residential Growth REIT Inc NYSEMKT:BRG is a real estate investment trust (REIT). The Company is engaged in acquiring and developing a diversified portfolio of real estate. The Company also intends to acquire residential properties. The Company’s operations are managed by Bluerock Multifamily Advisor, LLC. As of December 31, 2013, its portfolio consisted of interests in six properties, all acquired through joint ventures, five of which were operational, and one of which was in development. On October 18, 2012, the Company acquired a 58.575% indirect equity interest and, on December 17, 2012, the Company acquired an additional 5.158% indirect equity interest in the Berry Hill property.

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