Bluerock Residential Growth REIT Inc (BRG) Shares Sold by National Asset Management Inc.

National Asset Management Inc. decreased its stake in shares of Bluerock Residential Growth REIT Inc (NYSEAMERICAN:BRG) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,422 shares of the financial services provider’s stock after selling 6,034 shares during the quarter. National Asset Management Inc. owned approximately 0.20% of Bluerock Residential Growth REIT worth $419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BRG. Renaissance Technologies LLC lifted its holdings in Bluerock Residential Growth REIT by 45.3% during the 3rd quarter. Renaissance Technologies LLC now owns 292,200 shares of the financial services provider’s stock valued at $2,864,000 after buying an additional 91,100 shares in the last quarter. BlackRock Inc. increased its position in Bluerock Residential Growth REIT by 3.0% during the 3rd quarter. BlackRock Inc. now owns 1,669,645 shares of the financial services provider’s stock valued at $16,364,000 after purchasing an additional 48,221 shares during the period. Victory Capital Management Inc. increased its position in Bluerock Residential Growth REIT by 25.6% during the 3rd quarter. Victory Capital Management Inc. now owns 165,000 shares of the financial services provider’s stock valued at $1,617,000 after purchasing an additional 33,680 shares during the period. JPMorgan Chase & Co. increased its position in Bluerock Residential Growth REIT by 47.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 104,607 shares of the financial services provider’s stock valued at $1,024,000 after purchasing an additional 33,529 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new position in Bluerock Residential Growth REIT during the 3rd quarter valued at about $250,000. Institutional investors own 34.46% of the company’s stock.

Get Bluerock Residential Growth REIT alerts:

Shares of Bluerock Residential Growth REIT stock opened at $10.60 on Friday. Bluerock Residential Growth REIT Inc has a 52-week low of $7.47 and a 52-week high of $11.24.

Bluerock Residential Growth REIT (NYSEAMERICAN:BRG) last issued its quarterly earnings data on Thursday, February 14th. The financial services provider reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.66). The firm had revenue of $50.01 million for the quarter, compared to analysts’ expectations of $48.35 million.

A number of research analysts have commented on BRG shares. Zacks Investment Research raised shares of Bluerock Residential Growth REIT from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, February 15th. Boenning Scattergood reissued a “buy” rating and set a $11.00 target price on shares of Bluerock Residential Growth REIT in a research report on Tuesday, November 6th. B. Riley reissued a “buy” rating on shares of Bluerock Residential Growth REIT in a research report on Tuesday, November 6th. Finally, TheStreet raised shares of Bluerock Residential Growth REIT from a “d+” rating to a “c-” rating in a research report on Thursday, January 24th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $11.17.

COPYRIGHT VIOLATION NOTICE: “Bluerock Residential Growth REIT Inc (BRG) Shares Sold by National Asset Management Inc.” was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at www.tickerreport.com/banking-finance/4188619/bluerock-residential-growth-reit-inc-brg-shares-sold-by-national-asset-management-inc.html.

About Bluerock Residential Growth REIT

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.

Further Reading: SEC Filing

Institutional Ownership by Quarter for Bluerock Residential Growth REIT (NYSEAMERICAN:BRG)

Leave a Reply

Your email address will not be published. Required fields are marked *