Bluerock Homes Trust (NYSEAMERICAN:BHM) CEO Ramin Kamfar Acquires 3,071 Shares

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHMGet Free Report) CEO Ramin Kamfar purchased 3,071 shares of the business’s stock in a transaction that occurred 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 purchase, the chief executive officer owned 53,517 shares in the company, valued at $571,561.56. This represents a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ramin Kamfar also recently made the following trade(s):

  • On Wednesday, March 18th, Ramin Kamfar purchased 22,727 shares of Bluerock Homes Trust stock. The stock was acquired at an average cost of $10.97 per share, with a total value of $249,315.19.
  • On Tuesday, March 3rd, Ramin Kamfar purchased 25,000 shares of Bluerock Homes Trust stock. The shares were acquired at an average price of $11.65 per share, for a total transaction of $291,250.00.

Bluerock Homes Trust Trading Up 2.7%

BHM traded up $0.30 during trading on Friday, hitting $11.05. The company’s stock had a trading volume of 8,614 shares, compared to its average volume of 9,076. The firm has a market capitalization of $44.84 million, a price-to-earnings ratio of -3.66 and a beta of 0.58. Bluerock Homes Trust, Inc. has a twelve month low of $8.05 and a twelve month high of $14.81. The business’s fifty day simple moving average is $9.99 and its 200 day simple moving average is $10.30.

Bluerock Homes Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 25th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.50 dividend on an annualized basis and a yield of 4.5%. Bluerock Homes Trust’s dividend payout ratio (DPR) is currently -51.02%.

Bluerock Homes Trust announced that its board has initiated a share repurchase plan on Tuesday, February 17th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 27.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Bluerock Homes Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew 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 purchasing an additional 11,523 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Bluerock Homes Trust during the 4th quarter worth about $35,000. Dearborn Partners LLC purchased a new position in Bluerock Homes Trust in the 4th quarter valued at about $150,000. Geode Capital Management LLC boosted its holdings 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 last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Bluerock Homes Trust by 26.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock worth $1,362,000 after buying an additional 23,772 shares during the last quarter. 56.06% of the stock is owned by hedge funds and other institutional investors.

Bluerock Homes Trust Company Profile

(Get Free Report)

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.

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