Bluerock Homes Trust (NYSEAMERICAN:BHM) Announces Quarterly Earnings Results

Bluerock Homes Trust (NYSEAMERICAN:BHM) issued its quarterly earnings results on Thursday. The company reported ($0.90) earnings per share for the quarter, FiscalAI reports. The business had revenue of $19.33 million for the quarter. Bluerock Homes Trust had a negative return on equity of 4.96% and a negative net margin of 21.39%.

Bluerock Homes Trust Price Performance

Shares of BHM stock traded down $0.03 during midday trading on Friday, reaching $8.82. 11,770 shares of the company traded hands, compared to its average volume of 9,205. The firm’s 50 day simple moving average is $8.97 and its two-hundred day simple moving average is $10.02. The firm has a market cap of $36.27 million, a PE ratio of -2.92 and a beta of 0.23. Bluerock Homes Trust has a 1-year low of $8.05 and a 1-year high of $13.59.

Bluerock Homes Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 25th were paid a $0.125 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.50 annualized dividend and a dividend yield of 5.7%. Bluerock Homes Trust’s dividend payout ratio (DPR) is -51.02%.

Institutional Investors Weigh In On Bluerock Homes Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its position in shares of Bluerock Homes Trust by 17.3% in the fourth 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 last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Bluerock Homes Trust during the fourth quarter worth $35,000. Dearborn Partners LLC acquired a new stake in shares of Bluerock Homes Trust during the fourth quarter worth $150,000. Finally, Geode Capital Management LLC grew its position in shares of Bluerock Homes Trust by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock valued at $414,000 after purchasing an additional 1,817 shares during the period. Hedge funds and other institutional investors own 56.06% of the company’s stock.

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.