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 during 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 company’s shares are sold short. Based on an average daily volume of 3,554 shares, the days-to-cover ratio is presently 3.3 days.

Bluerock Homes Trust Stock Down 0.1%

BHM traded down $0.01 during trading on Friday, reaching $8.60. The company had a trading volume of 2,143 shares, compared to its average volume of 9,209. The stock has a market cap of $35.35 million, a P/E ratio of -2.85 and a beta of 0.22. The business has a 50 day simple moving average of $9.28 and a 200-day simple moving average of $10.10. Bluerock Homes Trust has a 52 week low of $8.05 and a 52 week high of $14.16.

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

Bluerock Homes Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 25th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.50 annualized dividend and a yield of 5.8%. Bluerock Homes Trust’s dividend payout ratio (DPR) is presently -51.02%.

Institutional Investors Weigh In On Bluerock Homes Trust

Several hedge funds and other institutional investors have recently modified their holdings of BHM. Geode Capital Management LLC increased 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 buying an additional 1,817 shares during the period. Kestra Advisory Services LLC purchased a new stake in Bluerock Homes Trust in the 4th quarter valued at about $35,000. Millennium Management LLC boosted its position in Bluerock Homes Trust by 17.3% in the 4th quarter. Millennium Management LLC now owns 78,142 shares of the company’s stock valued at $834,000 after buying an additional 11,523 shares during the period. Finally, Dearborn Partners LLC bought a new position in Bluerock Homes Trust in the 4th quarter worth about $150,000. 56.06% of the stock is currently 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.