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

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

Bluerock Homes Trust Price Performance

Shares of BHM traded down $0.03 on Friday, reaching $8.82. 11,770 shares of the stock traded hands, compared to its average volume of 9,205. The firm has a market cap of $36.27 million, a price-to-earnings ratio of -2.92 and a beta of 0.23. Bluerock Homes Trust has a 12 month low of $8.05 and a 12 month high of $13.59. The stock’s 50-day moving average price is $8.97 and its 200-day moving average price is $10.02.

Bluerock Homes Trust Announces Dividend

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

Institutional Investors Weigh In On Bluerock Homes Trust

A number of institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in shares of Bluerock Homes Trust in the 4th quarter valued at $35,000. Dearborn Partners LLC acquired a new stake in shares of Bluerock Homes Trust during the 4th quarter valued at about $150,000. Geode Capital Management LLC boosted its position in shares of Bluerock Homes Trust by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock valued at $414,000 after acquiring an additional 1,817 shares in the last quarter. Finally, Millennium Management LLC increased its stake in 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 acquiring an additional 11,523 shares during the period. Institutional investors and hedge funds own 56.06% of the company’s stock.

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.