Bluerock Homes Trust (NYSEAMERICAN:BHM) Shares Up 7.4% – Time to Buy?

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM)’s stock price was up 7.4% during mid-day trading on Wednesday . The stock traded as high as $10.50 and last traded at $10.20. Approximately 14,805 shares were traded during trading, an increase of 164% from the average daily volume of 5,610 shares. The stock had previously closed at $9.50.

Bluerock Homes Trust Stock Performance

The stock has a market cap of $41.41 million, a P/E ratio of -3.49 and a beta of 0.73. The stock has a 50-day moving average price of $9.41 and a 200-day moving average price of $11.58.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last announced its earnings results on Thursday, November 6th. The company reported ($0.94) earnings per share for the quarter. The company had revenue of $16.61 million during the quarter. Bluerock Homes Trust had a negative net margin of 16.66% and a negative return on equity of 2.18%.

Institutional Investors Weigh In On Bluerock Homes Trust

An institutional investor recently raised its position in Bluerock Homes Trust stock. Arkadios Wealth Advisors grew its position in shares of Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,904 shares of the company’s stock after purchasing an additional 4,727 shares during the quarter. Arkadios Wealth Advisors owned approximately 2.21% of Bluerock Homes Trust worth $1,126,000 as of its most recent SEC filing. Institutional investors own 56.06% of the company’s stock.

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.