Bluerock Homes Trust (NYSEAMERICAN:BHM) Stock Price Up 7.4% – What’s Next?

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) shot up 7.4% during mid-day trading on Wednesday . The company traded as high as $10.50 and last traded at $10.20. 14,805 shares traded hands during mid-day trading, an increase of 164% from the average session volume of 5,610 shares. The stock had previously closed at $9.50.

Bluerock Homes Trust Stock Up 7.4%

The company’s fifty day moving average price is $9.41 and its 200 day moving average price is $11.58. The company has a market capitalization of $41.41 million, a P/E ratio of -3.49 and a beta of 0.73.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bluerock Homes Trust stock. Arkadios Wealth Advisors increased its position in shares of Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,904 shares of the company’s stock after purchasing an additional 4,727 shares during the quarter. Arkadios Wealth Advisors owned 2.21% of Bluerock Homes Trust worth $1,126,000 at the end of the most recent reporting period. 56.06% of the stock is owned by institutional investors.

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.