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. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value-add improvements to properties and to operations. The Company is included in the Russell 2000 and Russell 3000 Indexes. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Bluerock Residential Growth REIT, Inc. operates as a subsidiary of Bluerock Multifamily Advisor, LLC.
IPO Year: 2014
Exchange: AMEX
Website: bluerockresidential.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/29/2021 | $14.50 → $27.00 | Neutral | Compass Point |
12/21/2021 | Market Outperform → Market Perform | JMP Securities |
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5 - Bluerock Residential Growth REIT, Inc. (0001442626) (Issuer)
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4 - Bluerock Residential Growth REIT, Inc. (0001442626) (Issuer)
4 - Bluerock Residential Growth REIT, Inc. (0001442626) (Issuer)
4 - Bluerock Residential Growth REIT, Inc. (0001442626) (Issuer)
NEW YORK, N.Y., Sept. 13, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) ("BRG" or the "Company") today announced that, in connection with its previously announced acquisition (the "Merger") by affiliates of Blackstone Real Estate, which, subject to the satisfaction or waiver of the remaining closing conditions in the merger agreement, is expected to close on or about October 6, 2022, BRG will: suspend voluntary redemptions of shares of Series B Redeemable Preferred Stock of the Company by the holders thereof from the close of business on September 23,
NEW YORK, Sept. 9, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a quarterly cash dividend on the Company's 7.625% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the third quarter of 2022, in the amount of $0.4765625 per share (the "Series C Preferred Dividend"). In addition, the Board of Directors has authorized and the Company has declared a quarterly cash dividend on its 7.125% Series D Cumulative Preferred Stock (the "Series D Preferred Stock") for the third quarter of 2022, in the amount of $0.4453125 per share (the "Series
NEW YORK, Aug. 12, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the month of August 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the month of August 2022, equal to a quarterly rate of $0.384375 per share (the "Series
NEW YORK, July 11, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the month of July 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the month of July 2022, equal to a quarterly rate of $0.384375 per share (the "Series T P
NEW YORK, June 10, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared quarterly cash dividends on the Company's Class A common stock (the "Class A Common Stock") and the Company's Class C common stock (the "Class C Common Stock") for the second quarter of 2022, in each case in the amount of $0.1625 per share (collectively, the "Common Dividends"). In addition, the Board of Directors has authorized and the Company has declared a quarterly cash dividend on the Company's 7.625% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the second
NEW YORK, May 13, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the month of May 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the month of May 2022, equal to a quarterly rate of $0.384375 per share (the "Series T Prefe
NEW YORK, April 11, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the month of April 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the month of April 2022, equal to a quarterly rate of $0.384375 per share (the "Series
NEW YORK, March 14, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared quarterly cash dividends on the Company's Class A common stock (the "Class A Common Stock") and the Company's Class C common stock (the "Class C Common Stock") for the first quarter of 2022, in each case in the amount of $0.1625 per share (collectively, the "Common Dividends"). In addition, the Board of Directors has authorized and the Company has declared a quarterly cash dividend on the Company's 7.625% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the first q
NEW YORK, Jan. 31, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. announced today that the income tax treatment for the 2021 dividends on the Company's common stock and preferred stock is as follows: REPORTING INFORMATION (FORM 1099) – DIVIDENDS The income tax treatment for 2021 dividends for Bluerock Residential Growth REIT, Inc. Class A common stock, CUSIP No. 09627J102, traded on the NYSE American Exchange under ticker symbol BRG, is as follows (as reported on Form 1099-DIV): Class A Common Stock CUSIP # 09627J102 INFORMATIONAL: Record Date Payable Date Dist
NEW YORK, Jan. 14, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the first quarter of 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the first quarter of 2022, equal to a quarterly rate of $0.384375 per share (the "Series
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25-NSE - Bluerock Residential Growth REIT, Inc. (0001442626) (Subject)
25-NSE - Bluerock Residential Growth REIT, Inc. (0001442626) (Subject)
S-8 POS - Bluerock Residential Growth REIT, Inc. (0001442626) (Filer)
NEW YORK, Jan. 13, 2021 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the first quarter of 2021, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the first quarter of 2021, equal to a quarterly rate of $0.384375 per share
NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Pioneering alternative asset manager Bluerock announced today that it is commemorating its 20th year by partnering with The Nature Conservancy to fund the planting of 20,000 trees throughout the United States, in support of the Conservancy's tree planting campaign. The firm, which has grown to more than $15 billion in acquired and managed assets since its founding in October 2002, reports that the tree planting program is scheduled for completion within the year. "Bluerock has generated extremely strong growth on behalf of our investors
NEW YORK, Sept. 19, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) ("BRG" or the "Company") announced today that its Board of Directors (the "BRG Board") has approved the distribution to its shareholders of all of the outstanding shares of common stock of Bluerock Homes Trust, Inc., which will become the holder of the Company's single-family rental business (the "Spin-Off"). The Spin-Off is expected to be completed on October 6, 2022 before the opening of the New York Stock Exchange American. BRG, which will continue to hold the Company's multi-family rental business, expects to complete the previously announced acquisition of BRG by affiliates of Blackstone Real Es
NEW YORK, N.Y., Sept. 13, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) ("BRG" or the "Company") today announced that, in connection with its previously announced acquisition (the "Merger") by affiliates of Blackstone Real Estate, which, subject to the satisfaction or waiver of the remaining closing conditions in the merger agreement, is expected to close on or about October 6, 2022, BRG will: suspend voluntary redemptions of shares of Series B Redeemable Preferred Stock of the Company by the holders thereof from the close of business on September 23,
NEW YORK, Sept. 9, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a quarterly cash dividend on the Company's 7.625% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the third quarter of 2022, in the amount of $0.4765625 per share (the "Series C Preferred Dividend"). In addition, the Board of Directors has authorized and the Company has declared a quarterly cash dividend on its 7.125% Series D Cumulative Preferred Stock (the "Series D Preferred Stock") for the third quarter of 2022, in the amount of $0.4453125 per share (the "Series
NEW YORK, Aug. 26, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") and Blackstone Real Estate ("Blackstone") today announced that the completion of the proposed acquisition of the Company by Blackstone (the "Acquisition"), and the proposed spin-off of the Company's single-family rental business to its shareholders (the "Spin-Off"), is expected to occur on or about October 6, 2022. The completion of the Acquisition remains subject to the consummation of the Spin-Off, as well as the satisfaction or waiver of the other closing conditions in the merger agreement.
NEW YORK, Aug. 12, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the month of August 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the month of August 2022, equal to a quarterly rate of $0.384375 per share (the "Series
NEW YORK, July 11, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the month of July 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the month of July 2022, equal to a quarterly rate of $0.384375 per share (the "Series T P
NEW YORK, June 10, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared quarterly cash dividends on the Company's Class A common stock (the "Class A Common Stock") and the Company's Class C common stock (the "Class C Common Stock") for the second quarter of 2022, in each case in the amount of $0.1625 per share (collectively, the "Common Dividends"). In addition, the Board of Directors has authorized and the Company has declared a quarterly cash dividend on the Company's 7.625% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the second
NEW YORK, May 13, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the month of May 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the month of May 2022, equal to a quarterly rate of $0.384375 per share (the "Series T Prefe
NEW YORK, April 12, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) ("BRG" or "Company") announced that at a special meeting of stockholders (the "Special Meeting") held earlier today, based on preliminary voting results, the Company's stockholders approved the proposed acquisition of the Company by affiliates of Blackstone Real Estate (the "Acquisition"). The Acquisition will occur following the spin-off of the Company's single-family rental business (the "Spin-Off") through the taxable distribution to common stockholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. ("BHM"). Company
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Compass Point reiterated coverage of Bluerock Residential with a rating of Neutral and set a new price target of $27.00 from $14.50 previously
JMP Securities downgraded Bluerock Residential from Market Outperform to Market Perform
BTIG upgraded Bluerock Residential from Sell to Neutral
BTIG Research upgraded Bluerock Residential Growth from Sell to Neutral and set a new price target of $9.50
Bluerock Residential Growth REIT Inc Class A (NASDAQ:BRG) shares are trading higher by 5.26% to $26.70 Monday morning after the company said it expects to be acquired by Blackstone Real Estate around October 6th. Bluerock Residential Growth said on Friday that the completion of the acquisition remains subject to the consummation of the spin-off, as well as the satisfaction or waiver of the other closing conditions in the merger agreement. See Also: Bed Bath & Beyond Stock Pops Ahead Of Strategic Update: What Investors Need To Know According to data from Benzinga Pro, Bluerock Residential Growth has a 52-week high of $27.48 and a 52-week low of $10.41.
Wednesday marks the last chance for investors to receive the next dividend payout from Bluerock Residential (AMEX:BRG). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of $0.1625 per share. On Thursday, Bluerock Residential will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.1625 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own BRG as of the end of Wednesday's session are eligible to receive the $0.1625
Tigress Financial lifted the price target on McDonald's Corporation (NYSE:MCD) from $271 to $314. McDonald's shares fell 0.1% to close at $267.88 on Tuesday. Argus Research boosted the price target on Cintas Corporation (NASDAQ:CTAS) from $410 to $490. Cintas shares rose 0.5% to close at $444.10 on Tuesday. Needham boosted Tenable Holdings, Inc. (NASDAQ:TENB) price target from $62 to $66. Tenable shares fell 0.8% to close at $55.46 on Tuesday. B of A Securities cut Kiniksa Pharmaceuticals, Ltd. (NASDAQ:KNSA) price target from $37 to $34. Kiniksa Pharmaceuticals shares rose 1.8% to $12.35 in pre-market trading. HC Wainwright & Co. raised Dynavax Technologies Corporation (NASDA
Compass Point analyst Merrill Ross maintains Bluerock Residential (AMEX:BRG) with a Neutral and raises the price target from $14.5 to $27.
Upgrades According to Compass Point, the prior rating for Comerica Inc (NYSE:CMA) was changed from Sell to Neutral. In the third quarter, Comerica showed an EPS of $1.90, compared to $1.44 from the year-ago quarter. The stock has a 52-week-high of $91.62 and a 52-week-low of $51.81. At the end of the last trading period, Comerica closed at $81.89. For Bank of Montreal (NYSE:BMO), RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the fourth quarter, Bank of Montreal showed an EPS of $2.65, compared to $1.82 from the year-ago quarter. At the moment, the stock has a 52-week-high of $112.56 and a 52-week-low of $73.69. Bank of Montreal closed at $101.65 at the e
Gainers Society Pass Incorporated (NASDAQ:SOPA) shares climbed 240.2% to close at $11.26 on Monday after the company reported addition to the Russell 2000 Index. Bluerock Residential Growth REIT, Inc. (NYSE:BRG) surged 76.2% to close at $27.20. Blackstone agreed to buy Bluerock Residential Growth REIT in a deal valued at $3.6 billion, extending its push into U.S. rental housing. Can-Fite BioPharma Ltd. (NYSE:CANF) rose 69.3% to settle at $2.15 after the company announced a liver cancer patient was cleared of all cancer lesions. Verso Corporation (NYSE:VRS) shares jumped 34.9% to close at $27.04 after the company announced it would be acquired by BillerundKorsnas for $27 per share. A
JMP Securities analyst Aaron Hecht downgrades Bluerock Residential (AMEX:BRG) from Market Outperform to Market Perform.
Toward the end of trading Monday, the Dow traded down 1.42% to 34,862.49 while the NASDAQ fell 1.38% to 14,960.51. The S&P also fell, dropping 1.34% to 4,558.87. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 51,765,710 cases with around 827,320 deaths. India confirmed a total of at least 34,746,830 cases and 477,550 deaths, while Brazil reported over 22,213,760 COVID-19 cases with 617,830 deaths. In total, there were at least 275,075,790 cases of COVID-19 worldwide with more than 5,372,280 deaths. Leading and Lagging Sectors Consumer staples shares fell by just 0.5% on Monday. Meanwhile, top gainers in the sector included Local Bount