Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Short Interest Down 46.2% in April

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 10,913 shares, a decrease of 46.2% from the March 31st total of 20,288 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 4,632 shares, the days-to-cover ratio is currently 2.4 days.

Bluerock Homes Trust Price Performance

Shares of BHM stock traded up $0.11 during trading hours on Wednesday, hitting $11.12. The stock had a trading volume of 9,044 shares, compared to its average volume of 3,431. The firm has a market capitalization of $43.37 million, a PE ratio of -3.68 and a beta of 0.35. Bluerock Homes Trust has a twelve month low of $8.05 and a twelve month high of $14.81. The stock’s 50 day moving average is $11.06 and its 200 day moving average is $10.14.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last announced its earnings results on Friday, February 27th. The company reported ($0.75) EPS for the quarter. Bluerock Homes Trust had a negative net margin of 25.58% and a negative return on equity of 3.47%. The business had revenue of $18.91 million during the quarter.

Bluerock Homes Trust announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 17th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to repurchase up to 27.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Bluerock Homes Trust Dividend Announcement

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

Insider Activity

In other news, CEO Ramin Kamfar purchased 3,071 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of $10.68 per share, for a total transaction of $32,798.28. Following the purchase, the chief executive officer directly owned 53,517 shares of the company’s stock, valued at $571,561.56. This represents a 6.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders bought 50,798 shares of company stock valued at $573,363. 22.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bluerock Homes Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in Bluerock Homes Trust during the 4th quarter valued at approximately $35,000. Dearborn Partners LLC acquired a new stake in Bluerock Homes Trust during the 4th quarter worth approximately $150,000. Geode Capital Management LLC grew its stake in shares of Bluerock Homes Trust by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock valued at $414,000 after purchasing an additional 1,817 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Bluerock Homes Trust by 17.3% in the fourth quarter. Millennium Management LLC now owns 78,142 shares of the company’s stock valued at $834,000 after purchasing an additional 11,523 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of Bluerock Homes Trust by 26.4% in the third quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock valued at $1,362,000 after purchasing an additional 23,772 shares during the period. Hedge funds and other institutional investors own 56.06% of the company’s stock.

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.