Real estate investment trust Bluerock Residential Growth REIT Inc. (BRG) announced quarterly dividends on its common and preferred shares.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
The company has declared a dividend of $0.1625 per share on its Class A and Class C common shares for the second quarter.
Furthermore, Bluerock has declared a dividend of $0.4765625 per share on its 7.625% Series C Cumulative Redeemable Preferred Stock for Q2. (See Bluerock Residential stock analysis on TipRanks)
On its 7.125% Series D Cumulative Preferred Stock, Bluerock has declared a dividend of $0.4453125 per share for Q2.
The respective dividends are payable on July 2 to stockholders of record as of June 25.
On June 3, Colliers Securities analyst David Toti reiterated a Hold rating on the stock and increased the price target to $10.5 (4% upside potential) from $10.
Toti commented, “BRG, while offering solid fundamentals in resilient assets/markets, has an overlay of structural complexity (i.e. joint ventures) that may temper enthusiasm.”
The other analyst covering the stock, BTIG’s James W. Sullivan also has a Buy rating on the stock but did not assign any price target.
Shares have gained 14.2% over the past year.
Related News:
United States Steel Sells Transtar for $640M, Shares Rise 3%
Southwest Airlines Foresees Revenue Growth; Orders 34 More Boeing 737 MAX Aircraft
CareDx Acquires Transplant Hero, Shares Rise