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Bluerock Residential (BRG) Looks Good: Stock Adds 8.9% in Session

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Bluerock Residential Growth REIT, Inc. BRG was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.44 to $9.65 in the past one-month time frame.

The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Bluerock Residential currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the REIT and Equity Trust – Residential industry is Sun Communities, Inc. (SUI - Free Report) , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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