Bluerock Homes Trust (NYSEAMERICAN:BHM) Stock Price Up 0.7% – Here’s What Happened

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM)’s share price rose 0.7% during mid-day trading on Tuesday . The stock traded as high as $10.25 and last traded at $10.01. Approximately 1,724 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 8,534 shares. The stock had previously closed at $9.94.

Bluerock Homes Trust Trading Up 0.7%

The company has a market capitalization of $41.14 million, a PE ratio of -3.31 and a beta of 0.19. The firm’s 50-day simple moving average is $10.83 and its 200-day simple moving average is $10.28.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.90) 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 announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 17th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to buy up to 27.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Bluerock Homes Trust

In other Bluerock Homes Trust news, CEO Ramin Kamfar purchased 3,071 shares of the stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price of $10.68 per share, with a total value of $32,798.28. Following the transaction, the chief executive officer owned 53,517 shares of the company’s stock, valued at approximately $571,561.56. This trade represents a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 23.12% of the company’s stock.

Institutional Investors Weigh In On Bluerock Homes Trust

Several hedge funds have recently modified their holdings of BHM. Geode Capital Management LLC lifted its position in shares of Bluerock Homes Trust by 4.9% in 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. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust in the 4th quarter worth approximately $150,000. Kestra Advisory Services LLC purchased a new stake in shares of Bluerock Homes Trust in the 4th quarter worth approximately $35,000. Finally, Millennium Management LLC boosted its holdings in shares of Bluerock Homes Trust by 17.3% in the 4th 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 in the last quarter. 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.