Bluerock Residential (NYSEAMERICAN:BRG) – Research analysts at B. Riley cut their Q2 2018 earnings per share (EPS) estimates for shares of Bluerock Residential in a research report issued on Tuesday, May 15th. B. Riley analyst C. Kucera now forecasts that the financial services provider will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.17. B. Riley currently has a “Buy” rating and a $11.50 target price on the stock. B. Riley also issued estimates for Bluerock Residential’s Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.52 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.60 EPS.
Bluerock Residential (NYSEAMERICAN:BRG) last announced its earnings results on Tuesday, May 8th. The financial services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). Bluerock Residential had a negative return on equity of 98.46% and a negative net margin of 129.33%. The firm had revenue of $41.87 million during the quarter, compared to the consensus estimate of $39.94 million.
Shares of Bluerock Residential opened at $8.78 on Friday, Marketbeat reports. Bluerock Residential has a 52-week low of $8.74 and a 52-week high of $8.84. The company has a debt-to-equity ratio of 2.47, a quick ratio of 304.45 and a current ratio of 304.45.
Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in shares of Bluerock Residential in the 4th quarter worth approximately $104,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Bluerock Residential by 117.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,415 shares of the financial services provider’s stock worth $131,000 after buying an additional 8,314 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Bluerock Residential in the 4th quarter worth approximately $164,000. Stockman Wealth Management Inc. purchased a new stake in shares of Bluerock Residential in the 4th quarter worth approximately $208,000. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of Bluerock Residential in the 4th quarter worth approximately $273,000. Institutional investors own 34.46% of the company’s stock.
Bluerock Residential announced that its board has authorized a stock repurchase program on Wednesday, February 14th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
About Bluerock Residential
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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