Stock Traders Buy High Volume of Bluerock Residential Growth REIT Call Options (NYSEAMERICAN:BRG)

Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG) saw unusually large options trading on Thursday. Stock investors purchased 2,078 call options on the stock. This is an increase of approximately 1,917% compared to the typical daily volume of 103 call options.

Separately, Zacks Investment Research lowered Bluerock Residential Growth REIT from a “hold” rating to a “sell” rating in a report on Monday, August 16th.

Shares of BRG traded up $0.47 during mid-day trading on Thursday, hitting $11.32. 843,883 shares of the company’s stock were exchanged, compared to its average volume of 351,040. Bluerock Residential Growth REIT has a fifty-two week low of $6.83 and a fifty-two week high of $13.05. The company has a market capitalization of $298.97 million, a price-to-earnings ratio of -10.78, a price-to-earnings-growth ratio of 6.21 and a beta of 0.97. The company has a debt-to-equity ratio of 14.14, a quick ratio of 171.77 and a current ratio of 171.77.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last announced its earnings results on Thursday, August 5th. The financial services provider reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.27). Bluerock Residential Growth REIT had a return on equity of 62.95% and a net margin of 19.31%. Equities research analysts forecast that Bluerock Residential Growth REIT will post 0.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 5th. Investors of record on Friday, September 24th will be given a $0.1625 dividend. The ex-dividend date is Thursday, September 23rd. This represents a $0.65 dividend on an annualized basis and a yield of 5.74%. Bluerock Residential Growth REIT’s payout ratio is currently 90.28%.

A number of large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its position in shares of Bluerock Residential Growth REIT by 20.5% during the 1st quarter. Alliancebernstein L.P. now owns 1,956,891 shares of the financial services provider’s stock valued at $19,784,000 after acquiring an additional 332,395 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Bluerock Residential Growth REIT by 15.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 193,417 shares of the financial services provider’s stock valued at $2,145,000 after acquiring an additional 25,644 shares during the period. Hancock Whitney Corp lifted its position in shares of Bluerock Residential Growth REIT by 3.3% during the 2nd quarter. Hancock Whitney Corp now owns 42,915 shares of the financial services provider’s stock valued at $436,000 after acquiring an additional 1,361 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of Bluerock Residential Growth REIT during the 1st quarter valued at approximately $145,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bluerock Residential Growth REIT by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 393,480 shares of the financial services provider’s stock valued at $4,985,000 after acquiring an additional 8,821 shares during the period. Hedge funds and other institutional investors own 44.22% of the company’s stock.

About Bluerock Residential Growth REIT

Bluerock Residential Growth REIT, Inc operates as a real estate investment trust. It engages in acquiring apartment properties. Its investment objective is to maximize long term stockholder value by investing in properties that shows substantial growth. The company was founded by Jordan B. Ruddy on July 25, 2008 and is headquartered in New York, NY.

Further Reading: ESG Score

Receive News & Ratings for Bluerock Residential Growth REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bluerock Residential Growth REIT and related companies with MarketBeat.com's FREE daily email newsletter.