Bluerock Homes Trust (NYSEAMERICAN:BHM) Board Announces Share Buyback Program

Bluerock Homes Trust (NYSEAMERICAN:BHM) declared that its board has approved a share repurchase program on Tuesday, February 17th, RTT News reports. The company plans to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 27.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Bluerock Homes Trust Price Performance

NYSEAMERICAN BHM opened at $10.82 on Wednesday. The company’s fifty day moving average is $9.59 and its two-hundred day moving average is $10.62. Bluerock Homes Trust has a 52-week low of $8.05 and a 52-week high of $14.81. The firm has a market capitalization of $43.93 million, a price-to-earnings ratio of -3.71 and a beta of 0.68.

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.