Bluerock Homes Trust (NYSEAMERICAN:BHM) Releases Quarterly Earnings Results

Bluerock Homes Trust (NYSEAMERICAN:BHM) issued its quarterly earnings data on Thursday. The company reported ($0.90) earnings per share for the quarter, FiscalAI reports. 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 $19.33 million for the quarter.

Bluerock Homes Trust Stock Performance

Shares of BHM traded down $0.03 during midday trading on Friday, hitting $8.82. 11,770 shares of the stock traded hands, compared to its average volume of 9,580. The business’s 50 day moving average price is $8.95 and its two-hundred day moving average price is $10.02. The firm has a market capitalization of $36.27 million, a PE ratio of -2.92 and a beta of 0.23. Bluerock Homes Trust has a 1-year low of $8.05 and a 1-year high of $13.59.

Bluerock Homes Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders 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 5.7%. The ex-dividend date was Thursday, June 25th. Bluerock Homes Trust’s dividend payout ratio (DPR) is presently -51.02%.

Institutional Trading of Bluerock Homes Trust

Hedge funds have recently made changes to their positions in the stock. Dearborn Partners LLC bought a new position in Bluerock Homes Trust during the fourth quarter valued at approximately $150,000. Millennium Management LLC grew its stake in shares of 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 purchasing an additional 11,523 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Bluerock Homes Trust in the fourth quarter worth about $35,000. Finally, Geode Capital Management LLC boosted its stake 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 acquiring an additional 1,817 shares during the last quarter. 56.06% of the stock is owned by hedge funds and other institutional investors.

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.