Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Short Interest Down 15.1% in March

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 9,948 shares, a drop of 15.1% from the February 26th total of 11,716 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 8,151 shares, the short-interest ratio is currently 1.2 days.

Insider Buying and Selling at Bluerock Homes Trust

In other news, CEO Ramin Kamfar bought 25,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average price of $11.65 per share, for a total transaction of $291,250.00. Following the purchase, the chief executive officer owned 27,719 shares in the company, valued at $322,926.35. This represents a 919.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have acquired 50,798 shares of company stock worth $573,363. 22.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bluerock Homes Trust

Hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its position in shares of 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 acquiring an additional 23,772 shares during the last quarter. Dearborn Partners LLC bought a new stake in Bluerock Homes Trust in the 4th quarter valued at $150,000. Kestra Advisory Services LLC purchased a new stake in Bluerock Homes Trust in the 4th quarter worth $35,000. Geode Capital Management LLC lifted its stake 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 worth $414,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 56.06% of the company’s stock.

Bluerock Homes Trust Stock Performance

Shares of BHM stock opened at $11.53 on Wednesday. The stock has a fifty day simple moving average of $10.28 and a two-hundred day simple moving average of $10.20. The firm has a market capitalization of $46.83 million, a PE ratio of -3.77 and a beta of 0.58. Bluerock Homes Trust has a 52-week low of $8.05 and a 52-week high of $14.81.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last announced its quarterly earnings data on Friday, February 27th. The company reported ($0.75) EPS for the quarter. Bluerock Homes Trust had a negative net margin of 25.58% and a negative return on equity of 3.47%. The business had revenue of $18.91 million during the quarter.

Bluerock Homes Trust declared that its board has authorized a stock buyback program on Tuesday, February 17th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to repurchase up to 27.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Bluerock Homes Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 25th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, March 25th. Bluerock Homes Trust’s dividend payout ratio is presently -51.02%.

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.