Ramin Kamfar Acquires 3,071 Shares of Bluerock Homes Trust (NYSEAMERICAN:BHM) Stock

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) CEO Ramin Kamfar acquired 3,071 shares of Bluerock Homes Trust stock in a transaction on Thursday, March 19th. The shares were bought at an average price of $10.68 per share, with a total value of $32,798.28. Following the purchase, the chief executive officer directly owned 53,517 shares in the company, valued at approximately $571,561.56. The trade was a 6.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 18th, Ramin Kamfar acquired 22,727 shares of Bluerock Homes Trust stock. The stock was bought at an average cost of $10.97 per share, with a total value of $249,315.19.
• On Tuesday, March 3rd, Ramin Kamfar bought 25,000 shares of Bluerock Homes Trust stock. The stock was bought at an average price of $11.65 per share, for a total transaction of $291,250.00.

Bluerock Homes Trust Stock Up 3.2%

Bluerock Homes Trust stock opened at $11.09 on Friday. The firm has a market cap of $45.03 million, a price-to-earnings 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. The business’s 50-day moving average price is $10.01 and its 200 day moving average price is $10.26.

Bluerock Homes Trust Announces Dividend

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

Bluerock Homes Trust announced that its Board of Directors has approved a share repurchase program on Tuesday, February 17th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 27.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Bluerock Homes Trust

Several large investors have recently made changes to their positions in BHM. Arkadios Wealth Advisors boosted its holdings 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. Millennium Management LLC increased 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 in the last quarter. Geode Capital Management LLC raised its position 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 worth $414,000 after acquiring an additional 1,817 shares during the period. Dearborn Partners LLC acquired a new position in shares of Bluerock Homes Trust in the fourth quarter worth about $150,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Bluerock Homes Trust during the 4th quarter worth about $35,000. 56.06% of the stock is currently owned by institutional investors and hedge funds.

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.