Shares of Bluerock Residential Growth REIT Inc. Class A (NYSE American:BRG) traded today at $13.07, eclipsing its 52-week high. This new high was reached on above average trading volume as 706,000 shares traded hands, while the average 30-day volume is approximately 219,000 shares.
In the past 52 weeks, Bluerock Residential Growth REIT Inc. Class A share prices are bracketed by a low of $6.83 and a high of $13.07 and is now at $12.47, 83% above that low price.
There is potential upside of 88.4% for shares of Bluerock Residential Growth REIT Inc. Class A based on a current price of $12.47 and an average consensus analyst price target of $23.49.
Bluerock Residential Growth REIT Inc is a real estate investment trust (or REIT). The company's objective is to maximize long-term stockholder value by acquiring well-located institutional-quality apartment properties in demographically attractive growth markets across the United States. Its property portfolios include Alexan CityCentre, Alexan Southside, Arium Grandewood, Arium Palmer Ranch and others.
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