Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Sees Large Drop in Short Interest

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 11,787 shares, a decline of 47.0% from the June 30th total of 22,231 shares. Based on an average trading volume of 3,554 shares, the short-interest ratio is presently 3.3 days. Approximately 0.4% of the shares of the stock are short sold.

Bluerock Homes Trust Stock Performance

BHM traded up $0.11 during trading on Thursday, reaching $8.61. The stock had a trading volume of 2,002 shares, compared to its average volume of 9,029. The stock has a market cap of $35.39 million, a PE ratio of -2.85 and a beta of 0.22. Bluerock Homes Trust has a one year low of $8.05 and a one year high of $14.16. The business has a 50-day moving average of $9.36 and a 200-day moving average of $10.12.

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

Bluerock Homes Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 25th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, June 25th. Bluerock Homes Trust’s dividend payout ratio (DPR) is currently -51.02%.

Institutional Trading of Bluerock Homes Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in shares of Bluerock Homes Trust during the fourth quarter worth approximately $35,000. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust in the 4th quarter valued at $150,000. Geode Capital Management LLC boosted its stake 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 valued at $414,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Millennium Management LLC grew its holdings 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. 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.