Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Sees Significant Decline in Short Interest

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 9,948 shares, a decline of 15.1% from the February 26th total of 11,716 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,151 shares, the short-interest ratio is currently 1.2 days.

Bluerock Homes Trust Trading Down 3.7%

Shares of BHM stock opened at $11.36 on Tuesday. The company has a market capitalization of $46.12 million, a price-to-earnings ratio of -3.76 and a beta of 0.58. The firm has a 50-day moving average price of $10.25 and a 200 day moving average price of $10.20. Bluerock Homes Trust has a twelve month low of $8.05 and a twelve month high of $14.81.

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

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

Bluerock Homes Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, March 25th. Bluerock Homes Trust’s payout ratio is currently -51.02%.

Insider Transactions at Bluerock Homes Trust

In other news, CEO Ramin Kamfar purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $11.65 per share, with a total value of $291,250.00. Following the purchase, the chief executive officer directly owned 27,719 shares of the company’s stock, valued at $322,926.35. The trade was a 919.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought 50,798 shares of company stock valued at $573,363 over the last three months. Company insiders own 22.48% of the company’s stock.

Institutional Trading of Bluerock Homes Trust

Several institutional investors have recently added to or reduced their stakes in BHM. Kestra Advisory Services LLC acquired a new stake in shares of Bluerock Homes Trust during the 4th quarter valued at approximately $35,000. Dearborn Partners LLC acquired a new position in Bluerock Homes Trust during the 4th quarter valued at about $150,000. Geode Capital Management LLC grew its holdings in Bluerock Homes Trust by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock worth $414,000 after buying an additional 1,817 shares in the last quarter. Millennium Management LLC grew its stake 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 worth $834,000 after purchasing an additional 11,523 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in 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 in the last quarter. 56.06% of the stock is owned by institutional investors and hedge funds.

Bluerock Homes Trust Company Profile

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.