Bluerock Homes Trust, Inc. Announces Quarterly Dividend of $0.13 (NYSEAMERICAN:BHM)

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) declared a quarterly dividend on Wednesday, March 11th. Stockholders of record on Wednesday, March 25th will be given a dividend of 0.125 per share on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, March 25th.

Bluerock Homes Trust Price Performance

Bluerock Homes Trust stock opened at $11.00 on Thursday. Bluerock Homes Trust has a fifty-two week low of $8.05 and a fifty-two week high of $14.81. The firm’s 50 day simple moving average is $10.01 and its 200-day simple moving average is $10.39. The company has a market cap of $44.66 million, a P/E ratio of -3.77 and a beta of 0.58.

Bluerock Homes Trust declared that its board has approved a share repurchase program on Tuesday, February 17th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the company to reacquire up to 27.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

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.