Bluerock Homes Trust (NYSEAMERICAN:BHM) Shares Up 2.4% – Still a Buy?

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) shot up 2.4% on Monday . The company traded as high as $10.76 and last traded at $10.76. 1,035 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 11,621 shares. The stock had previously closed at $10.51.

Bluerock Homes Trust Stock Performance

The firm has a 50-day moving average of $11.06 and a 200-day moving average of $10.19. The firm has a market capitalization of $44.76 million, a P/E ratio of -3.61 and a beta of 0.22.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.90) earnings per share for the quarter. The business had revenue of $19.70 million during 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 Announces Dividend

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

Bluerock Homes Trust declared that its board has authorized a stock repurchase plan on Tuesday, February 17th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to repurchase up to 27.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Bluerock Homes Trust

In related news, CEO Ramin Kamfar bought 3,071 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of $10.68 per share, with a total value of $32,798.28. Following the transaction, the chief executive officer owned 53,517 shares in the company, 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 is accessible through this link. Insiders have purchased a total of 50,798 shares of company stock valued at $573,363 in the last 90 days. Company insiders own 23.12% of the company’s stock.

Hedge Funds Weigh In On Bluerock Homes Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Bluerock Homes Trust by 4.9% in the fourth 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. Kestra Advisory Services LLC purchased a new position in shares of Bluerock Homes Trust during the 4th quarter valued at about $35,000. Millennium Management LLC lifted its position 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 valued at $834,000 after buying an additional 11,523 shares in the last quarter. Dearborn Partners LLC bought a new position in shares of Bluerock Homes Trust during the 4th quarter valued at approximately $150,000. Finally, Arkadios Wealth Advisors grew 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 valued at $1,362,000 after acquiring an additional 23,772 shares during the period. 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.