Boenning & Scattergood analyst Merrill Ross reiterated a Buy rating on Bluerock Residential Growth (NYSE: BRG) today and set a price target of $11. The company’s shares closed yesterday at $9.39.
According to TipRanks.com, Ross is a 1-star analyst with an average return of -0.9% and a 50.5% success rate. Ross covers the Financial sector, focusing on stocks such as Gladstone Commercial Corp, Monmouth Real Estate ate, and City Office REIT.
Bluerock Residential Growth has an analyst consensus of Moderate Buy, with a price target consensus of $11.
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Based on Bluerock Residential Growth’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $169K. In comparison, last year the company had a net profit of $24.6 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.
