Bluerock Homes Trust (NYSEAMERICAN:BHM) Shares Down 0.6% – Here’s What Happened

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM)’s share price fell 0.6% during trading on Wednesday . The stock traded as low as $8.85 and last traded at $8.85. Approximately 2,507 shares were traded during mid-day trading, a decline of 74% from the average session volume of 9,723 shares. The stock had previously closed at $8.90.

Bluerock Homes Trust Stock Performance

The stock has a market capitalization of $35.67 million, a price-to-earnings ratio of -8.86 and a beta of 0.23. The business has a 50-day moving average of $8.88 and a 200-day moving average of $10.02.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.90) EPS for the quarter. Bluerock Homes Trust had a negative net margin of 22.00% and a negative return on equity of 5.03%. The business had revenue of $19.33 million during the quarter.

Bluerock Homes Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 25th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.8%. Bluerock Homes Trust’s payout ratio is presently -51.02%.

Institutional Investors Weigh In On Bluerock Homes Trust

A number of institutional investors have recently added to or reduced their stakes in BHM. Dearborn Partners LLC purchased a new position in shares of Bluerock Homes Trust in the fourth quarter valued at $150,000. Millennium Management LLC lifted its stake in shares of Bluerock Homes Trust by 17.3% during the fourth 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 during the period. Kestra Advisory Services LLC acquired a new stake in Bluerock Homes Trust during the fourth quarter worth approximately $35,000. Finally, Geode Capital Management LLC lifted its stake 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 worth $414,000 after purchasing an additional 1,817 shares during the period. Hedge funds and other institutional investors 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.