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

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 17,122 shares, a growth of 95.1% from the May 31st total of 8,774 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 4,417 shares, the days-to-cover ratio is presently 3.9 days.

Bluerock Homes Trust Stock Up 3.9%

BHM traded up $0.35 during trading hours on Thursday, hitting $9.43. 2,784 shares of the company’s stock were exchanged, compared to its average volume of 8,933. The stock has a market cap of $38.76 million, a price-to-earnings ratio of -3.12 and a beta of 0.22. Bluerock Homes Trust has a 1-year low of $8.05 and a 1-year high of $14.81. The stock’s 50-day moving average is $10.24 and its two-hundred day moving average is $10.29.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.90) earnings per share for the quarter. The company 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 business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 25th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, June 25th. Bluerock Homes Trust’s dividend payout ratio is currently -51.02%.

Institutional Trading of Bluerock Homes Trust

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of Bluerock Homes Trust in the fourth quarter valued at about $35,000. Dearborn Partners LLC bought a new position in Bluerock Homes Trust during the fourth quarter worth about $150,000. Geode Capital Management LLC increased its position in Bluerock Homes Trust by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock worth $414,000 after acquiring an additional 1,817 shares during the period. Finally, Millennium Management LLC raised its stake in Bluerock Homes Trust by 17.3% in 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. 56.06% of the stock is owned by institutional investors and hedge funds.

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.