GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Bluerock Residential Growth REIT, Inc. (NYSEAMERICAN:BRG – Get Rating) by 42.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,300 shares of the financial services provider's stock after purchasing an additional 16,100 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.18% of Bluerock Residential Growth REIT worth $1,443,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BRG. Daiwa Securities Group Inc. lifted its position in shares of Bluerock Residential Growth REIT by 5.1% in the first quarter. Daiwa Securities Group Inc. now owns 8,510 shares of the financial services provider's stock worth $226,000 after buying an additional 411 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Bluerock Residential Growth REIT by 1.8% in the first quarter. First Trust Advisors LP now owns 48,236 shares of the financial services provider's stock worth $1,282,000 after buying an additional 867 shares during the last quarter. Nauset Wealth Management. LLC acquired a new stake in shares of Bluerock Residential Growth REIT in the first quarter worth about $27,000. Silverhawk Asset Management LLC lifted its position in shares of Bluerock Residential Growth REIT by 6.0% in the first quarter. Silverhawk Asset Management LLC now owns 26,494 shares of the financial services provider's stock worth $65,000 after buying an additional 1,501 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Bluerock Residential Growth REIT by 0.4% in the first quarter. BlackRock Inc. now owns 596,253 shares of the financial services provider's stock worth $15,842,000 after buying an additional 2,412 shares during the last quarter. Hedge funds and other institutional investors own 42.54% of the company's stock.
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NYSEAMERICAN BRG opened at $26.70 on Wednesday. Bluerock Residential Growth REIT, Inc. has a twelve month low of $10.56 and a twelve month high of $27.48. The company has a quick ratio of 182.45, a current ratio of 182.45 and a debt-to-equity ratio of 14.70. The stock has a market cap of $814.54 million, a P/E ratio of 242.73, a price-to-earnings-growth ratio of 16.44 and a beta of 1.00.
About Bluerock Residential Growth REIT
(Get Rating)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.
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