Bluerock Residential Growth REIT Inc Announces — Dividend of $0.16 (NYSEAMERICAN:BRG)

Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) announced a — dividend on Tuesday, September 17th, Wall Street Journal reports. Stockholders of record on Wednesday, September 25th will be paid a dividend of 0.1625 per share by the financial services provider on Friday, October 4th. This represents a dividend yield of 5.5%. The ex-dividend date is Tuesday, September 24th.

Bluerock Residential Growth REIT has decreased its dividend payment by an average of 20.4% annually over the last three years. Bluerock Residential Growth REIT has a payout ratio of 141.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of NYSEAMERICAN BRG opened at $11.98 on Monday. Bluerock Residential Growth REIT has a 12-month low of $8.19 and a 12-month high of $12.65.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.60). The firm had revenue of $52.44 million during the quarter, compared to analyst estimates of $52.02 million.

Several research firms recently commented on BRG. Zacks Investment Research lowered Bluerock Residential Growth REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. DA Davidson reissued a “buy” rating on shares of Bluerock Residential Growth REIT in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.00.

About Bluerock Residential Growth REIT

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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Dividend History for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

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