Bluerock Homes Trust (NYSEAMERICAN:BHM) Stock Price Down 0.9% – What’s Next?

Shares of Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) fell 0.9% during trading on Thursday . The stock traded as low as $8.36 and last traded at $8.36. 908 shares were traded during mid-day trading, a decline of 91% from the average session volume of 10,516 shares. The stock had previously closed at $8.44.

Bluerock Homes Trust Price Performance

The firm has a market capitalization of $34.36 million, a P/E ratio of -2.77 and a beta of 0.22. The business’s 50-day moving average is $9.55 and its 200 day moving average is $10.17.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.90) earnings per share (EPS) for the quarter. Bluerock Homes Trust had a negative net margin of 21.39% and a negative return on equity of 4.96%. The business had revenue of $19.70 million during the quarter.

Bluerock Homes Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 25th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Thursday, June 25th. Bluerock Homes Trust’s payout ratio is -51.02%.

Institutional Investors Weigh In On Bluerock Homes Trust

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased 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 valued at $414,000 after buying an additional 1,817 shares during the period. Dearborn Partners LLC bought a new stake in shares of Bluerock Homes Trust during the 4th quarter worth approximately $150,000. Kestra Advisory Services LLC bought a new stake in shares of Bluerock Homes Trust during the 4th quarter worth approximately $35,000. Finally, Millennium Management LLC boosted its position in shares of Bluerock Homes Trust by 17.3% during the 4th quarter. Millennium Management LLC now owns 78,142 shares of the company’s stock worth $834,000 after acquiring an additional 11,523 shares in the last quarter. 56.06% of the stock is currently owned by institutional investors and hedge funds.

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.