Sarissa Consulting LLC grew its stake in Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG – Get Rating) by 54.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 57,274 shares of the financial services provider's stock after purchasing an additional 20,274 shares during the period. Bluerock Residential Growth REIT comprises approximately 2.4% of Sarissa Consulting LLC's holdings, making the stock its 18th largest position. Sarissa Consulting LLC's holdings in Bluerock Residential Growth REIT were worth $1,522,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Silverhawk Asset Management LLC purchased a new position in Bluerock Residential Growth REIT during the 4th quarter valued at $25,000. Nauset Wealth Management. LLC purchased a new position in Bluerock Residential Growth REIT during the 1st quarter valued at $27,000. Daiwa Securities Group Inc. boosted its holdings in Bluerock Residential Growth REIT by 5.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 8,510 shares of the financial services provider's stock valued at $226,000 after acquiring an additional 411 shares during the period. HighTower Advisors LLC purchased a new position in Bluerock Residential Growth REIT during the 4th quarter valued at $288,000. Finally, Graham Capital Management L.P. purchased a new position in Bluerock Residential Growth REIT during the 1st quarter valued at $331,000. 42.54% of the stock is owned by institutional investors.

Bluerock Residential Growth REIT Stock Performance

BRG opened at $26.81 on Tuesday. Bluerock Residential Growth REIT, Inc. has a 52-week low of $10.41 and a 52-week high of $27.48. The company has a debt-to-equity ratio of 14.70, a current ratio of 182.45 and a quick ratio of 182.45. The firm has a market cap of $817.89 million, a P/E ratio of 243.73, a price-to-earnings-growth ratio of 16.44 and a beta of 1.00.

Bluerock Residential Growth REIT Company Profile

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

• Get a free copy of the StockNews.com research report on Bluerock Residential Growth REIT (BRG)
• Three Value Stocks For A Volatile Market
• 3 Energy Stocks Nearing Breakouts From Cup-Shaped Patterns
• Do These Dividend Achievers Deserve A Place In Your Portfolio?
• Darden Restaurants Takes the Low Road Against Inflation
• Why These 3 Stocks Are Off to Hot September Starts

Want to see what other hedge funds are holding BRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG – Get Rating).

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.