Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Sees Significant Increase in Short Interest

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) was the target of a large increase in short interest in 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 trading volume of 4,417 shares, the short-interest ratio is currently 3.9 days. Approximately 0.5% of the company’s stock are sold short.

Bluerock Homes Trust Trading Up 1.6%

Shares of BHM traded up $0.14 during trading hours on Wednesday, reaching $9.14. 2,465 shares of the stock traded hands, compared to its average volume of 8,960. Bluerock Homes Trust has a 52 week low of $8.05 and a 52 week high of $14.81. The company has a market cap of $37.57 million, a price-to-earnings ratio of -3.03 and a beta of 0.19. The stock has a fifty day simple moving average of $10.28 and a 200 day simple moving average of $10.29.

Bluerock Homes Trust (NYSEAMERICAN:BHM) last posted its quarterly earnings data 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 firm had revenue of $19.70 million during the quarter.

Bluerock Homes Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 25th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Thursday, June 25th. Bluerock Homes Trust’s dividend payout ratio (DPR) is presently -51.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased 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 valued at $834,000 after purchasing an additional 11,523 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 1,817 shares during the last quarter. Dearborn Partners LLC purchased a new stake in Bluerock Homes Trust during the fourth quarter worth about $150,000. Finally, Kestra Advisory Services LLC bought a new stake in Bluerock Homes Trust in the fourth quarter worth about $35,000. 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.