Bluerock Homes Trust (NYSEAMERICAN:BHM) Shares Up 7.4% – Here’s What Happened

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM)’s stock price was up 7.4% on Wednesday . The company traded as high as $10.50 and last traded at $10.20. Approximately 14,805 shares traded hands during mid-day trading, an increase of 164% from the average daily volume of 5,610 shares. The stock had previously closed at $9.50.

Bluerock Homes Trust Stock Up 7.9%

The company’s 50-day moving average is $9.39 and its 200 day moving average is $11.57. The company has a market cap of $41.61 million, a price-to-earnings ratio of -3.48 and a beta of 0.73.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last released its earnings results on Thursday, November 6th. The company reported ($0.94) EPS for the quarter. The company had revenue of $16.61 million for the quarter. Bluerock Homes Trust had a negative return on equity of 2.18% and a negative net margin of 16.66%.

Institutional Trading of Bluerock Homes Trust

A hedge fund recently raised its stake in Bluerock Homes Trust stock. Arkadios Wealth Advisors lifted its stake in shares of Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) by 26.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,676 shares of the company’s stock after acquiring an additional 23,772 shares during the quarter. Arkadios Wealth Advisors owned 2.79% of Bluerock Homes Trust worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission. 56.06% of the stock is owned by hedge funds and other 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.