$52.02 Million in Sales Expected for Bluerock Residential Growth REIT, Inc. (NASDAQ:BRG) This Quarter

Equities research analysts expect Bluerock Residential Growth REIT, Inc. (NASDAQ:BRG) to post sales of $52.02 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Bluerock Residential Growth REIT’s earnings, with estimates ranging from $50.99 million to $53.01 million. Bluerock Residential Growth REIT reported sales of $44.96 million during the same quarter last year, which indicates a positive year over year growth rate of 15.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Bluerock Residential Growth REIT will report full year sales of $211.56 million for the current year, with estimates ranging from $206.17 million to $216.66 million. For the next financial year, analysts expect that the firm will report sales of $236.84 million, with estimates ranging from $214.87 million to $259.43 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Bluerock Residential Growth REIT.

Separately, BidaskClub lowered shares of Bluerock Residential Growth REIT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 11th.

Shares of NASDAQ:BRG traded down $0.14 during trading on Tuesday, reaching $11.18. 120,200 shares of the company traded hands, compared to its average volume of 159,193. The company has a fifty day simple moving average of $11.52. Bluerock Residential Growth REIT has a 1-year low of $8.19 and a 1-year high of $12.28.

Bluerock Residential Growth REIT Company Profile

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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