Short Interest in Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Drops By 13.8%

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 11,716 shares, a drop of 13.8% from the February 12th total of 13,597 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 8,762 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 8,762 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company’s shares are short sold.

Insiders Place Their Bets

In other news, CEO Ramin Kamfar acquired 25,000 shares of Bluerock Homes Trust stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $11.65 per share, with a total value of $291,250.00. Following the completion of the purchase, the chief executive officer owned 27,719 shares of the company’s stock, valued at $322,926.35. This represents a 919.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 24.51% of the company’s stock.

Institutional Investors Weigh In On Bluerock Homes Trust

Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in Bluerock Homes Trust during the 4th quarter valued at about $35,000. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust in the fourth quarter worth approximately $150,000. Geode Capital Management LLC lifted its position in shares of Bluerock Homes Trust by 4.9% in the fourth 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% during 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 during the period. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Bluerock Homes Trust by 26.4% during the third quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock worth $1,362,000 after purchasing an additional 23,772 shares during the period. 56.06% of the stock is owned by hedge funds and other institutional investors.

Bluerock Homes Trust Price Performance

BHM stock opened at $10.10 on Thursday. The firm has a market capitalization of $41.01 million, a P/E ratio of -3.34 and a beta of 0.58. Bluerock Homes Trust has a 52-week low of $8.05 and a 52-week high of $14.81. The company’s 50 day simple moving average is $9.98 and its 200-day simple moving average is $10.29.

Bluerock Homes Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, March 25th. Bluerock Homes Trust’s payout ratio is presently -51.02%.

Bluerock Homes Trust declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 17th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to buy up to 27.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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.