Bluerock Homes Trust (NYSEAMERICAN:BHM) Stock Price Down 0.9% – Time to Sell?

Shares of Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) traded down 0.9% during mid-day trading on Thursday . The company traded as low as $8.36 and last traded at $8.36. 908 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 10,516 shares. The stock had previously closed at $8.44.

Bluerock Homes Trust Stock Down 0.9%

The firm has a market cap of $34.36 million, a P/E ratio of -2.77 and a beta of 0.22. The business has a fifty day moving average of $9.55 and a 200 day moving average of $10.17.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.90) earnings per share (EPS) for the quarter. Bluerock Homes Trust had a negative net margin of 21.39% and a negative return on equity of 4.96%. The business had revenue of $19.70 million during the quarter.

Bluerock Homes Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 25th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Thursday, June 25th. Bluerock Homes Trust’s dividend payout ratio is -51.02%.

Hedge Funds Weigh In On Bluerock Homes Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHM. Kestra Advisory Services LLC bought a new position in shares of Bluerock Homes Trust in the fourth quarter valued at about $35,000. Dearborn Partners LLC acquired a new position in Bluerock Homes Trust in the 4th quarter valued at about $150,000. Geode Capital Management LLC raised its holdings in Bluerock Homes Trust by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock valued at $414,000 after acquiring an additional 1,817 shares during the period. Finally, Millennium Management LLC lifted its position in 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 acquiring an additional 11,523 shares during the last quarter. 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.