Bluerock Residential Growth REIT, Inc. (AMEX:BRG) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, BRG to report 3Q20 loss of $ 0.64 per share.
For the full year, analysts anticipate top line of $ 214.56 million, while looking forward to loss of $ 1.62 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.83 ~ $ 0.86 per share
Click Here For More Historical Outlooks Of Bluerock Residential Growth REIT, Inc.
Previous Quarter Performance
Bluerock Residential Growth REIT, Inc. disclosed income for the second quarter of $ 0.15 per share, from the revenue of $ 53.03 million. The quarterly revenues expanded 2.71 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.57 per share from $ 55.41 million in revenue. The bottom line results beat street analysts by $ 0.72 or 126.32 percent, at the same time, top line results fell short of analysts by $ 2.38 million or 4.3 percent.
Stock Performance
Shares of Bluerock Residential Growth REIT, Inc. traded low $ -0.48 or -5.33 percent on Wednesday, reaching $ 8.53 with volume of 156.50 thousand shares. Bluerock Residential Growth REIT, Inc. has traded high as $ 8.96 and has cracked $ 8.45 on the downward trend
The closing price of $ 8.53, representing a 137.73 % increase from the 52 week low of $ 3.79 and a 27.86 % decrease over the 52 week high of $ 12.49.
The company has a market capital of $ 210.65 million and is part of the Real Estate sector and REIT – Residential industry.
Conference Call
Bluerock Residential Growth REIT, Inc. will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bluerockresidential.com
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. The Companys objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value add improvements to properties and operations.
