U.S. Markets closed
  • S&P 500

    4,395.64
    +41.45 (+0.95%)
     
  • Dow 30

    34,258.32
    +338.48 (+1.00%)
     
  • Nasdaq

    14,896.85
    +150.45 (+1.02%)
     
  • Russell 2000

    2,218.56
    +32.38 (+1.48%)
     
  • Gold

    1,768.40
    -9.80 (-0.55%)
     
  • Silver

    23.03
    +0.46 (+2.05%)
     
  • EUR/USD

    1.1696
    -0.0034 (-0.2924%)
     
  • 10-Yr Bond

    1.3360
    +0.0120 (+0.91%)
     
  • Vix

    20.87
    -3.49 (-14.33%)
     
  • GBP/USD

    1.3619
    -0.0045 (-0.3282%)
     
  • USD/JPY

    109.7800
    +0.5600 (+0.5127%)
     
  • BTC-USD

    42,757.67
    -123.51 (-0.29%)
     
  • CMC Crypto 200

    1,089.55
    +49.07 (+4.72%)
     
  • FTSE 100

    7,083.37
    +102.39 (+1.47%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

Bluerock Residential Announces $0.1625 Dividend for Q2

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Real estate investment trust Bluerock Residential Growth REIT Inc. (BRG) announced quarterly dividends on its common and preferred shares.

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

More recent articles from Smarter Analyst: