Short Interest in Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Declines By 15.1%

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

Bluerock Homes Trust Stock Performance

Bluerock Homes Trust stock opened at $11.43 on Thursday. The firm has a market capitalization of $46.41 million, a PE ratio of -3.78 and a beta of 0.35. Bluerock Homes Trust has a one year low of $8.05 and a one year high of $14.81. The stock’s 50 day moving average price is $10.32 and its 200 day moving average price is $10.21.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last issued 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 net margin of 25.58% and a negative return on equity of 3.47%. The firm had revenue of $18.91 million during the quarter.

Bluerock Homes Trust declared that its Board of Directors has approved a share repurchase program on Tuesday, February 17th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 27.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Bluerock Homes Trust Announces Dividend

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

Insider Activity

In related news, CEO Ramin Kamfar bought 3,071 shares of the stock in a transaction dated Thursday, March 19th. The stock was acquired at an average price of $10.68 per share, for a total transaction of $32,798.28. Following the completion of the purchase, the chief executive officer owned 53,517 shares in the company, valued at $571,561.56. This represents a 6.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 50,798 shares of company stock valued at $573,363 in the last ninety days. 24.51% of the stock is currently owned by company insiders.

Institutional Trading of Bluerock Homes Trust

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in shares of Bluerock Homes Trust during the fourth quarter worth about $35,000. Millennium Management LLC boosted its holdings in 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 last quarter. Geode Capital Management LLC grew its stake in Bluerock Homes Trust by 4.9% during 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 in the last quarter. Dearborn Partners LLC acquired a new stake in Bluerock Homes Trust during the 4th quarter valued at approximately $150,000. Finally, Arkadios Wealth Advisors increased its holdings in Bluerock Homes Trust by 26.4% during the 3rd 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 last quarter. 56.06% of the stock is currently 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.