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

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 20,288 shares, a growth of 103.9% from the March 15th total of 9,948 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 17,074 shares, the short-interest ratio is currently 1.2 days.

Insider Transactions at Bluerock Homes Trust

In related news, CEO Ramin Kamfar purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $11.65 per share, for a total transaction of $291,250.00. Following the transaction, the chief executive officer directly owned 27,719 shares of the company’s stock, valued at approximately $322,926.35. The trade was a 919.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 50,798 shares of company stock valued at $573,363. Insiders own 22.48% of the company’s stock.

Hedge Funds Weigh In On Bluerock Homes Trust

A number of large investors have recently modified their holdings of the business. Arkadios Wealth Advisors raised 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 worth $1,362,000 after buying an additional 23,772 shares in the last quarter. Millennium Management LLC raised 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 worth $834,000 after buying an additional 11,523 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Bluerock Homes Trust by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock worth $414,000 after buying an additional 1,817 shares in the last quarter. Dearborn Partners LLC purchased a new position in shares of Bluerock Homes Trust during the 4th quarter worth approximately $150,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Bluerock Homes Trust during the 4th quarter worth approximately $35,000. 56.06% of the stock is owned by hedge funds and other institutional investors.

Bluerock Homes Trust Stock Down 0.6%

BHM stock traded down $0.07 during trading on Tuesday, hitting $11.02. The company had a trading volume of 7,725 shares, compared to its average volume of 11,402. The firm has a market cap of $44.74 million, a PE ratio of -3.65 and a beta of 0.35. Bluerock Homes Trust has a 1-year low of $8.05 and a 1-year high of $14.81. The firm has a 50-day moving average price of $10.68 and a 200-day moving average price of $10.17.

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

Bluerock Homes Trust declared that its Board of Directors has initiated a stock buyback plan 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 plans are generally a sign that the company’s leadership believes its stock is undervalued.

Bluerock Homes Trust Announces Dividend

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