Bluerock Homes Trust (NYSEAMERICAN:BHM) Trading Down 1.2% – What’s Next?

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM)’s stock price dropped 1.2% on Thursday . The stock traded as low as $8.18 and last traded at $8.38. 4,391 shares changed hands during trading, an increase of 19% from the average session volume of 3,676 shares. The stock had previously closed at $8.48.

Bluerock Homes Trust Trading Up 1.4%

The company has a 50 day moving average of $8.63 and a 200-day moving average of $9.89. The firm has a market capitalization of $34.94 million, a P/E ratio of -8.67 and a beta of 0.22.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.90) earnings per share for the quarter. The firm had revenue of $19.33 million for the quarter. Bluerock Homes Trust had a negative return on equity of 5.03% and a negative net margin of 22.00%.

Institutional Trading of Bluerock Homes Trust

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC grew its position in shares of Bluerock Homes Trust by 17.3% during the 4th quarter. Millennium Management LLC now owns 78,142 shares of the company’s stock worth $834,000 after purchasing an additional 11,523 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 1,817 shares during the period. Dearborn Partners LLC bought a new stake in shares of Bluerock Homes Trust in the fourth quarter valued at approximately $150,000. Finally, Kestra Advisory Services LLC acquired a new position in Bluerock Homes Trust in the fourth quarter valued at about $35,000. Institutional investors own 56.06% of the company’s stock.

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.