Bluerock Homes Trust (NYSEAMERICAN:BHM) Posts Earnings Results

Bluerock Homes Trust (NYSEAMERICAN:BHM) posted its quarterly earnings results on Thursday. The company reported ($0.90) earnings per share for the quarter, FiscalAI reports. Bluerock Homes Trust had a negative return on equity of 3.47% and a negative net margin of 25.58%.The firm had revenue of $19.70 million for the quarter.

Bluerock Homes Trust Price Performance

Shares of NYSEAMERICAN BHM traded down $0.12 during mid-day trading on Friday, reaching $10.94. 291 shares of the company’s stock traded hands, compared to its average volume of 3,151. The business has a 50-day simple moving average of $11.03 and a 200 day simple moving average of $10.13. The stock has a market cap of $42.67 million, a P/E ratio of -3.62 and a beta of 0.22. Bluerock Homes Trust has a 1-year low of $8.05 and a 1-year high of $14.81.

Bluerock Homes Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, March 25th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, March 25th. Bluerock Homes Trust’s dividend payout ratio is -51.02%.

Bluerock Homes Trust declared that its board has authorized 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 repurchase up to 27.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Ramin Kamfar acquired 3,071 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of $10.68 per share, with a total value of $32,798.28. Following the acquisition, the chief executive officer owned 53,517 shares of the company’s stock, valued at approximately $571,561.56. This trade represents a 6.09% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders purchased 50,798 shares of company stock worth $573,363. Insiders own 23.12% of the company’s stock.

Hedge Funds Weigh In On Bluerock Homes Trust

Several institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its stake in Bluerock Homes Trust by 26.4% in the third quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock valued at $1,362,000 after purchasing an additional 23,772 shares during the last quarter. Millennium Management LLC lifted its position in shares of Bluerock Homes Trust by 17.3% during the fourth quarter. Millennium Management LLC now owns 78,142 shares of the company’s stock worth $834,000 after acquiring an additional 11,523 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Bluerock Homes Trust by 4.9% during 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 in the last quarter. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust during the fourth quarter worth $150,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Bluerock Homes Trust during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 56.06% of the company’s stock.

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.