Boenning & Scattergood analyst Merrill Ross maintained a Buy rating on Bluerock Residential Growth (BRG) today and set a price target of $10.50. The company’s shares closed yesterday at $10.50.
Ross commented:
“We maintain our Outperform rating because the quality of the portfolio continues to support the indicated dividends and allow for modest multiple expansion.”
According to TipRanks.com, Ross is a 2-star analyst with an average return of 0.0% and a 53.1% success rate. Ross covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Monmouth Real Estate Investment.
Bluerock Residential Growth has an analyst consensus of Hold.
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Based on Bluerock Residential Growth’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $230K. In comparison, last year the company had a GAAP net loss of $37.37 million.
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Bluerock Residential Growth REIT, Inc. operates as a real estate investment trust. It engages in acquiring apartment properties. The company was founded on July 25, 2008 and is headquartered in New York, NY.
