Bluerock Homes Trust (NYSEAMERICAN:BHM) Trading Down 0.9% – Should You Sell?

Shares of Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHMGet Free Report) dropped 0.9% on Thursday . The company traded as low as $8.36 and last traded at $8.36. 908 shares changed hands during trading, a decline of 91% from the average daily volume of 10,516 shares. The stock had previously closed at $8.44.

Bluerock Homes Trust Stock Performance

The company has a market capitalization of $34.36 million, a P/E ratio of -2.77 and a beta of 0.22. The stock has a 50 day moving average of $9.50 and a 200-day moving average of $10.16.

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

Bluerock Homes Trust Dividend Announcement

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

Institutional Trading of Bluerock Homes Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHM. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust in the 4th quarter valued at $150,000. Millennium Management LLC grew its stake 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 purchasing an additional 11,523 shares during the period. Kestra Advisory Services LLC purchased a new stake in Bluerock Homes Trust during the fourth quarter worth $35,000. Finally, Geode Capital Management LLC increased its holdings in Bluerock Homes Trust by 4.9% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.

Bluerock Homes Trust Company Profile

(Get Free Report)

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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