Brokerages Anticipate Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) Will Post Earnings of $0.22 Per Share

Wall Street brokerages forecast that Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) will report earnings of $0.22 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.22. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) reported earnings per share of $0.18 during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The company is expected to issue its next quarterly earnings report on Thursday, February 13th.

On average, analysts expect that Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) will report full-year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.83. For the next year, analysts anticipate that the firm will report earnings of $0.90 per share, with EPS estimates ranging from $0.86 to $0.93. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN).

BRG stock traded down $0.17 during trading hours on Monday, hitting $12.09. 86,100 shares of the stock were exchanged, compared to its average volume of 143,262. The company has a current ratio of 190.80, a quick ratio of 190.80 and a debt-to-equity ratio of 11.62. The firm has a market capitalization of $279.36 million, a P/E ratio of 16.79 and a beta of 0.37. The company has a 50-day simple moving average of $11.99 and a two-hundred day simple moving average of $11.87. Bluerock Residential Growth REIT Inc Class A has a 12 month low of $8.62 and a 12 month high of $12.65.

About Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)

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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