Insider Buying: Bluerock Homes Trust (NYSEAMERICAN:BHM) CEO Purchases $32,798.28 in Stock

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) CEO Ramin Kamfar bought 3,071 shares of Bluerock Homes Trust stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $10.68 per share, with a total value of $32,798.28. Following the purchase, the chief executive officer directly owned 53,517 shares in the company, valued at $571,561.56. The trade was a 6.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ramin Kamfar also recently made the following trade(s):

• On Wednesday, March 18th, Ramin Kamfar purchased 22,727 shares of Bluerock Homes Trust stock. The shares were purchased at an average price of $10.97 per share, for a total transaction of $249,315.19.
• On Tuesday, March 3rd, Ramin Kamfar acquired 25,000 shares of Bluerock Homes Trust stock. The stock was purchased at an average cost of $11.65 per share, for a total transaction of $291,250.00.

Bluerock Homes Trust Stock Up 3.2%

Shares of NYSEAMERICAN:BHM opened at $11.09 on Monday. Bluerock Homes Trust, Inc. has a 52-week low of $8.05 and a 52-week high of $14.81. The stock has a market cap of $45.03 million, a price-to-earnings ratio of -3.67 and a beta of 0.58. The business has a 50-day moving average price of $10.01 and a 200-day moving average price of $10.24.

Bluerock Homes Trust declared that its board has initiated a share repurchase program on Tuesday, February 17th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to purchase up to 27.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Bluerock Homes Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 25th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, March 25th. Bluerock Homes Trust’s dividend payout ratio is -51.02%.

Institutional Trading of Bluerock Homes Trust

Several large investors have recently made changes to their positions in the business. Millennium Management LLC increased its stake in shares of Bluerock Homes Trust by 17.3% in the fourth quarter. Millennium Management LLC now owns 78,142 shares of the company’s stock worth $834,000 after acquiring an additional 11,523 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Bluerock Homes Trust during the fourth quarter worth $35,000. Dearborn Partners LLC acquired a new position in Bluerock Homes Trust during the fourth quarter valued at $150,000. Geode Capital Management LLC boosted its holdings in Bluerock Homes Trust by 4.9% in the fourth 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 during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Bluerock Homes Trust by 26.4% in the third quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock valued at $1,362,000 after purchasing an additional 23,772 shares during the last quarter. 56.06% of the stock is owned by hedge funds and other institutional investors.

About Bluerock Homes Trust

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.