Bluerock Homes Trust (NYSEAMERICAN:BHM) CEO Ramin Kamfar Purchases 22,727 Shares of Stock

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) CEO Ramin Kamfar purchased 22,727 shares of the stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of $10.97 per share, for a total transaction of $249,315.19. Following the completion of the acquisition, the chief executive officer owned 50,446 shares of the company’s stock, valued at approximately $553,392.62. This represents a 81.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ramin Kamfar also recently made the following trade(s):

• On Thursday, March 19th, Ramin Kamfar acquired 3,071 shares of Bluerock Homes Trust stock. The stock was acquired at an average price of $10.68 per share, with a total value of $32,798.28.
• On Tuesday, March 3rd, Ramin Kamfar bought 25,000 shares of Bluerock Homes Trust stock. The stock was acquired at an average cost of $11.65 per share, with a total value of $291,250.00.

Bluerock Homes Trust Stock Performance

BHM opened at $11.09 on Friday. The company’s 50-day simple moving average is $10.01 and its two-hundred day simple moving average is $10.28. The stock has a market capitalization of $45.03 million, a P/E ratio of -3.67 and a beta of 0.58. Bluerock Homes Trust, Inc. has a 52-week low of $8.05 and a 52-week high of $14.81.

Bluerock Homes Trust announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 17th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 27.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Bluerock Homes Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 25th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.50 annualized dividend and a yield of 4.5%. Bluerock Homes Trust’s dividend payout ratio (DPR) is currently -51.02%.

Hedge Funds Weigh In On Bluerock Homes Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Dearborn Partners LLC bought a new stake in shares of Bluerock Homes Trust in the fourth quarter worth $150,000. Kestra Advisory Services LLC bought a new position in Bluerock Homes Trust in the fourth quarter valued at about $35,000. Geode Capital Management LLC boosted its position in Bluerock Homes Trust by 4.9% in the fourth 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 during the last quarter. Millennium Management LLC grew its stake 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 valued at $834,000 after purchasing an additional 11,523 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in shares of Bluerock Homes Trust by 26.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock valued at $1,362,000 after purchasing an additional 23,772 shares during the period. 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.