Short Interest in Bluerock Residential Growth REIT Inc (BRG) Decreases By 20.8%

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 848,464 shares, a decrease of 20.8% from the January 15th total of 1,071,430 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average daily volume of 138,810 shares, the short-interest ratio is presently 6.1 days.

NYSEAMERICAN BRG opened at $10.10 on Tuesday. Bluerock Residential Growth REIT has a 12 month low of $7.02 and a 12 month high of $10.74.

In other news, CIO James G. Babb III acquired 3,000 shares of the company’s stock in a transaction on Saturday, November 17th. The shares were bought at an average cost of $11.31 per share, with a total value of $33,930.00. Following the transaction, the executive now owns 1,000 shares in the company, valued at approximately $11,310. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.96% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its position in shares of Bluerock Residential Growth REIT by 39.8% in the 4th quarter. Meeder Asset Management Inc. now owns 6,197 shares of the financial services provider’s stock valued at $55,000 after buying an additional 1,764 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Bluerock Residential Growth REIT in the 3rd quarter valued at $117,000. Virtu Financial LLC purchased a new position in shares of Bluerock Residential Growth REIT in the 4th quarter valued at $160,000. BB&T Securities LLC grew its position in shares of Bluerock Residential Growth REIT by 11.8% in the 4th quarter. BB&T Securities LLC now owns 23,696 shares of the financial services provider’s stock valued at $213,000 after buying an additional 2,508 shares during the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Bluerock Residential Growth REIT in the 3rd quarter valued at $250,000. 34.46% of the stock is currently owned by hedge funds and other institutional investors.

BRG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Bluerock Residential Growth REIT from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Friday, November 9th. Boenning Scattergood reaffirmed a “buy” rating and issued a $11.00 target price on shares of Bluerock Residential Growth REIT in a research report on Tuesday, November 6th. TheStreet raised shares of Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a research report on Thursday, January 24th. Finally, B. Riley reaffirmed a “buy” rating on shares of Bluerock Residential Growth REIT in a research report on Tuesday, November 6th. Six research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $11.50.

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Bluerock Residential Growth REIT Company Profile

Bluerock Residential Growth REIT, Inc (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.

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