Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) Declares Quarterly Dividend of $0.16 (NYSE:BRG)

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) (NYSE:BRG) announced a quarterly dividend on Friday, September 13th, Zacks reports. Investors of record on Wednesday, September 25th will be paid a dividend of 0.162 per share on Friday, October 4th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Tuesday, September 24th.

Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) has decreased its dividend payment by an average of 20.4% per year over the last three years. Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) 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. Equities analysts expect Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) to earn $0.57 per share next year, which means the company may not be able to cover its $0.65 annual dividend with an expected future payout ratio of 114.0%.

Shares of BRG stock opened at $11.98 on Monday. Bluerock Residential Growth REIT Inc Class A has a 52-week low of $8.19 and a 52-week high of $12.65. The company has a debt-to-equity ratio of 15.86, a current ratio of 243.33 and a quick ratio of 243.33. The company has a market cap of $264.46 million, a price-to-earnings ratio of 16.64 and a beta of 0.36. The business’s 50 day simple moving average is $12.14.

Separately, DA Davidson reissued a “buy” rating on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research note on Monday, July 29th.

About Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN)

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 Inc Class A (NYSEAMERICAN) (NYSE:BRG)

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