Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Sees Large Decrease in Short Interest

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 11,716 shares, a decrease of 13.8% from the February 12th total of 13,597 shares. Based on an average trading volume of 8,762 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 8,762 shares, the short-interest ratio is currently 1.3 days.

Bluerock Homes Trust Price Performance

BHM traded up $0.76 during trading on Tuesday, hitting $10.77. The stock had a trading volume of 30,122 shares, compared to its average volume of 8,128. The company has a 50 day moving average price of $9.98 and a 200-day moving average price of $10.31. Bluerock Homes Trust has a one year low of $8.05 and a one year high of $14.81. The firm has a market cap of $43.73 million, a price-to-earnings ratio of -3.69 and a beta of 0.58.

Bluerock Homes Trust announced that its Board of Directors has initiated a share buyback plan on Tuesday, February 17th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to reacquire up to 27.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Bluerock Homes Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 25th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, March 25th. Bluerock Homes Trust’s payout ratio is presently -51.02%.

Insider Transactions at Bluerock Homes Trust

In other Bluerock Homes Trust news, CEO Ramin Kamfar purchased 25,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $11.65 per share, with a total value of $291,250.00. Following the acquisition, the chief executive officer directly owned 27,719 shares of the company’s stock, valued at $322,926.35. This trade represents a 919.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 22.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bluerock Homes Trust

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted 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 purchasing an additional 1,817 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Bluerock Homes Trust in the fourth quarter valued at approximately $35,000. Millennium Management LLC boosted 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 valued at $834,000 after buying an additional 11,523 shares during the period. Dearborn Partners LLC acquired a new stake in Bluerock Homes Trust during the fourth quarter worth approximately $150,000. Finally, Arkadios Wealth Advisors grew its position in Bluerock Homes Trust by 26.4% during the third quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock worth $1,362,000 after buying an additional 23,772 shares in the last quarter. 56.06% of the stock is owned by 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.