Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Short Interest Down 47.0% in July

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 11,787 shares, a decline of 47.0% from the June 30th total of 22,231 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 3,554 shares, the short-interest ratio is currently 3.3 days.

Bluerock Homes Trust Stock Performance

Shares of NYSEAMERICAN:BHM traded up $0.21 during trading hours on Wednesday, hitting $8.50. The stock had a trading volume of 1,038 shares, compared to its average volume of 9,458. The stock’s fifty day simple moving average is $9.36 and its 200 day simple moving average is $10.12. The firm has a market capitalization of $34.94 million, a price-to-earnings ratio of -2.81 and a beta of 0.22. Bluerock Homes Trust has a 1-year low of $8.05 and a 1-year high of $14.35.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.90) earnings per share (EPS) for the quarter. Bluerock Homes Trust had a negative return on equity of 4.96% and a negative net margin of 21.39%.The business had revenue of $19.70 million during the quarter.

Bluerock Homes Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 25th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Thursday, June 25th. Bluerock Homes Trust’s payout ratio is currently -51.02%.

Hedge Funds Weigh In On Bluerock Homes Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BHM. Geode Capital Management LLC increased its stake in Bluerock Homes Trust by 4.9% during the 4th 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. Kestra Advisory Services LLC acquired a new stake in shares of Bluerock Homes Trust in the 4th quarter worth approximately $35,000. Millennium Management LLC boosted its holdings 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 acquiring an additional 11,523 shares in the last quarter. Finally, Dearborn Partners LLC bought a new position in shares of Bluerock Homes Trust in the fourth quarter valued at approximately $150,000. Institutional investors own 56.06% of the company’s stock.

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.