Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 17,122 shares, an increase of 95.1% from the May 31st total of 8,774 shares. Based on an average daily volume of 4,417 shares, the short-interest ratio is presently 3.9 days. Currently, 0.5% of the shares of the company are sold short.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in shares of Bluerock Homes Trust during the 4th quarter valued at $35,000. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust in the fourth quarter worth $150,000. Geode Capital Management LLC raised its position in shares of Bluerock Homes Trust by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 38,768 shares of the company’s stock worth $414,000 after buying an additional 1,817 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in 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. 56.06% of the stock is currently owned by hedge funds and other institutional investors.
Bluerock Homes Trust Trading Up 1.6%
Shares of BHM stock traded up $0.14 during trading on Wednesday, reaching $9.14. 2,465 shares of the company’s stock traded hands, compared to its average volume of 8,960. The firm’s 50-day moving average is $10.28 and its 200 day moving average is $10.29. The company has a market capitalization of $37.57 million, a P/E ratio of -3.03 and a beta of 0.19. Bluerock Homes Trust has a 1 year low of $8.05 and a 1 year high of $14.81.
Bluerock Homes Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 25th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, June 25th. Bluerock Homes Trust’s dividend payout ratio is -51.02%.
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.
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