Bluerock Homes Trust (NYSEAMERICAN:BHM) Trading 2.4% Higher – Time to Buy?

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM)’s share price traded up 2.4% during mid-day trading on Monday . The stock traded as high as $10.76 and last traded at $10.76. 1,035 shares traded hands during trading, a decline of 91% from the average session volume of 11,621 shares. The stock had previously closed at $10.51.

Bluerock Homes Trust Price Performance

The firm has a market capitalization of $44.22 million, a PE ratio of -3.56 and a beta of 0.22. The company has a 50-day moving average price of $11.04 and a 200-day moving average price of $10.18.

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

Bluerock Homes Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 25th were issued a $0.125 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.50 annualized dividend and a yield of 4.6%. Bluerock Homes Trust’s payout ratio is -51.02%.

Bluerock Homes Trust declared that its Board of Directors has authorized a share repurchase program 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 shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Bluerock Homes Trust news, CEO Ramin Kamfar acquired 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, with a total value of $32,798.28. Following the completion of the transaction, the chief executive officer directly owned 53,517 shares in the company, valued at approximately $571,561.56. This trade represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 50,798 shares of company stock worth $573,363 in the last 90 days. 23.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of Bluerock Homes Trust during the 4th quarter worth $35,000. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust during the 4th quarter worth about $150,000. Geode Capital Management LLC increased its position 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 worth $414,000 after purchasing an additional 1,817 shares in the last quarter. Millennium Management LLC raised 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 buying an additional 11,523 shares during the period. Finally, Arkadios Wealth Advisors raised 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 buying an additional 23,772 shares during the period. 56.06% of the stock is currently owned by hedge funds and other 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.