Bluerock Homes Trust (NYSEAMERICAN:BHM) Stock Price Up 4.2% – Time to Buy?

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) shot up 4.2% during mid-day trading on Tuesday . The stock traded as high as $9.64 and last traded at $9.64. 1,933 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 5,206 shares. The stock had previously closed at $9.25.

Bluerock Homes Trust Stock Up 4.2%

The stock’s fifty day moving average price is $10.20 and its 200 day moving average price is $11.77. The stock has a market cap of $39.14 million, a PE ratio of -3.30 and a beta of 0.73.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.94) EPS for the quarter. Bluerock Homes Trust had a negative return on equity of 2.18% and a negative net margin of 16.66%.The business had revenue of $16.61 million during the quarter.

Institutional Trading of Bluerock Homes Trust

An institutional investor recently raised its position in Bluerock Homes Trust stock. Arkadios Wealth Advisors grew its holdings in Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) by 26.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,676 shares of the company’s stock after acquiring an additional 23,772 shares during the period. Arkadios Wealth Advisors owned 2.79% of Bluerock Homes Trust worth $1,362,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 56.06% of the company’s stock.

About Bluerock Homes Trust

Bluerock Homes Trust, Inc (the Company) was incorporated in Maryland on December 16, 2021. The Company owns and operates high-quality single-family properties located in attractive markets with a focus on the knowledge-economy and high-quality of life growth markets of the Sunbelt and Western United States.