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Bluerock Residential Growth REIT Inc. (BRG) Volatility At 3.26%, Should You Add A Position?

158 institutions hold shares in Bluerock Residential Growth REIT Inc. (BRG), with 119.25k shares held by insiders accounting for 0.52% while institutional investors hold 56.80% of the company’s shares. The shares outstanding are 23.37M, and float is at 21.80M with Short Float at 3.36%. Institutions hold 56.51% of the Float.

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The top institutional shareholder in the company is Blackrock Inc. with over 1.95 million shares valued at $24.75 million. The investor’s holdings represent 7.12% of the BRG Shares outstanding. As of Dec 30, 2020, the second largest holder is AllianceBernstein, L.P. with 1.62 million shares valued at $20.58 million to account for 5.93% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 1.22 million shares representing 4.45% and valued at over $15.47 million, while Renaissance Technologies, LLC holds 2.86% of the shares totaling 0.78 million with a market value of $9.93 million.

Bluerock Residential Growth REIT Inc. (AMEX: BRG) is -25.18% lower on its value in year-to-date trading and has touched a low of $5.26 and a high of $12.83 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRG stock was last observed hovering at around $9.53 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $11.00 for the next 12 months. It is also 27.08% off the consensus price target high of $13.00 offered by 8 analysts, but current levels are -5.33% lower than the price target low of $9.00 for the same period.

Currently trading at $9.48, the stock is -2.41% and -10.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.4 million and changing -0.52% at the moment leaves the stock -0.48% off its SMA200. BRG registered 42.77% gain for a year compared to 6-month gain of 16.32%. The firm has a 50-day simple moving average (SMA 50) of $11.14 and a 200-day simple moving average (SMA200) of $10.22.

The stock witnessed a -9.63% loss in the last 1 month and extending the period to 3 months gives it a -12.47%, and is 0.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.26% over the week and 3.87% over the month.

Profit margin for the company is -20.90%. Distance from 52-week low is 80.23% and -26.11% from its 52-week high. The company has generated returns on investments over the last 12 months (1.00%).

Bluerock Residential Growth REIT Inc. (BRG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Bluerock Residential Growth REIT Inc. (BRG) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.40, where 5 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Bluerock Residential Growth REIT Inc. is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.53 with sales reaching $51.56M over the same period.The EPS is expected to shrink by -119.00% this year, but quarterly earnings will post -1.90% year-over-year. Quarterly sales are estimated to shrink -8.30% in year-over-year returns.

Bluerock Residential Growth REIT Inc. (BRG) Insider Activity

A total of 1 insider transactions have happened at Bluerock Residential Growth REIT Inc. (BRG) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by DiFranco Michael, the company’s Executive VP, Operations. SEC filings show that DiFranco Michael bought 500 shares of the company’s common stock on Mar 23 at a price of $11.19 per share for a total of $5592.0. Following the purchase, the insider now owns 1250.0 shares.

Bluerock Residential Growth REIT Inc. disclosed in a document filed with the SEC on Mar 19 that Vohs Christopher J. (Chief Financial Officer) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 19 and was made at $22.50 per share for $0.11 million. Following the transaction, the insider now directly holds 12500.0 shares of the BRG stock.

Still, SEC filings show that on Mar 19, KAMFAR RAMIN (Chairman and CEO) acquired 489 shares at an average price of $22.50 for $11002.0. The insider now directly holds 1,949 shares of Bluerock Residential Growth REIT Inc. (BRG).

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Bluerock Residential Growth REIT Inc. (BRG): Who are the competitors?

The company’s main competitors (and peers) include AGNC Investment Corp. (AGNC) that is trading 40.89% up over the past 12 months. Preferred Apartment Communities Inc. (APTS) is 31.01% up on the 1-year trading charts. Short interest in the company’s stock has risen 0.59% from the last report on Apr 14, 2021 to stand at a total of 0.73 million short shares sold with a short interest ratio of 2.04.

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