Bluerock Homes Trust (NYSEAMERICAN:BHM) Posts Earnings Results

Bluerock Homes Trust (NYSEAMERICAN:BHM) announced its quarterly earnings results on Thursday. The company reported ($0.94) earnings per share for the quarter, FiscalAI reports. Bluerock Homes Trust had a negative return on equity of 0.98% and a negative net margin of 7.80%.The firm had revenue of $16.61 million for the quarter.

Bluerock Homes Trust Stock Up 1.7%

Shares of BHM traded up $0.16 on Friday, hitting $9.51. The company’s stock had a trading volume of 10,607 shares, compared to its average volume of 5,264. The firm’s fifty day moving average price is $11.24 and its 200-day moving average price is $11.86. Bluerock Homes Trust has a fifty-two week low of $9.15 and a fifty-two week high of $14.81. The firm has a market capitalization of $38.71 million, a price-to-earnings ratio of -5.47 and a beta of 0.73.

Institutional Inflows and Outflows

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 28.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,177 shares of the company’s stock after acquiring an additional 18,895 shares during the period. Arkadios Wealth Advisors owned approximately 2.15% of Bluerock Homes Trust worth $968,000 at the end of the most recent quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.

About Bluerock Homes Trust

Bluerock Homes Trust, Inc (the Company) was incorporated in Maryland on December 16, 2021. The Company owns and operates high-quality single-family properties located in attractive markets with a focus on the knowledge-economy and high-quality of life growth markets of the Sunbelt and Western United States.