Bluerock Homes Trust (NYSEAMERICAN:BHM) CEO Buys $249,315.19 in Stock

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) CEO Ramin Kamfar acquired 22,727 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average price of $10.97 per share, with a total value of $249,315.19. Following the acquisition, the chief executive officer owned 50,446 shares of the company’s stock, valued at approximately $553,392.62. This trade represents a 81.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ramin Kamfar also recently made the following trade(s):

• On Thursday, March 19th, Ramin Kamfar purchased 3,071 shares of Bluerock Homes Trust stock. The shares were purchased at an average cost of $10.68 per share, for a total transaction of $32,798.28.
• On Tuesday, March 3rd, Ramin Kamfar purchased 25,000 shares of Bluerock Homes Trust stock. The stock was purchased at an average cost of $11.65 per share, with a total value of $291,250.00.

Bluerock Homes Trust Stock Up 2.7%

Shares of BHM traded up $0.30 during trading hours on Friday, reaching $11.05. The stock had a trading volume of 8,614 shares, compared to its average volume of 9,076. The company has a market cap of $44.84 million, a P/E ratio of -3.66 and a beta of 0.58. Bluerock Homes Trust, Inc. has a 52 week low of $8.05 and a 52 week high of $14.81. The firm has a 50-day moving average of $9.99 and a 200 day moving average of $10.30.

Bluerock Homes Trust declared that its board has authorized a stock buyback plan on Tuesday, February 17th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to buy up to 27.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Bluerock Homes Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 25th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, March 25th. Bluerock Homes Trust’s dividend payout ratio is -51.02%.

Hedge Funds Weigh In On Bluerock Homes Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in Bluerock Homes Trust during the fourth quarter valued at approximately $35,000. Dearborn Partners LLC bought a new stake in shares of Bluerock Homes Trust during the 4th quarter worth approximately $150,000. Geode Capital Management LLC raised its stake in shares of Bluerock Homes Trust by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock worth $414,000 after purchasing an additional 1,817 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Bluerock Homes Trust by 17.3% in the 4th quarter. Millennium Management LLC now owns 78,142 shares of the company’s stock valued at $834,000 after buying an additional 11,523 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Bluerock Homes Trust by 26.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock valued at $1,362,000 after buying an additional 23,772 shares during the last quarter. 56.06% of the stock is owned by institutional investors and hedge funds.

About Bluerock Homes Trust

Bluerock Homes Trust is a real estate investment trust (REIT) that specializes in the acquisition, ownership and management of factory-built residential housing. The company’s portfolio primarily consists of single-family and modular homes that are installed on leased land or held for rental and sale. By focusing on factory-built housing, Bluerock aims to deliver an affordable, high-quality alternative to conventional home construction and to generate stable rental income through long-term lease agreements.

The company’s core activities include sourcing newly manufactured homes directly from builders, overseeing their delivery and installation, and managing ongoing property operations.