Bluerock Homes Trust (NYSEAMERICAN:BHM) Board Declares Stock Buyback Program

Bluerock Homes Trust (NYSEAMERICAN:BHM) announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 17th, RTT News reports. The company plans to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 27.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Bluerock Homes Trust Price Performance

BHM traded up $1.86 on Tuesday, hitting $10.82. The company had a trading volume of 29,820 shares, compared to its average volume of 6,303. The stock has a fifty day simple moving average of $9.59 and a 200-day simple moving average of $10.62. The firm has a market capitalization of $43.93 million, a P/E ratio of -3.71 and a beta of 0.68. Bluerock Homes Trust has a 52-week low of $8.05 and a 52-week high of $14.81.

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.