Short Interest in Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Declines By 47.0%

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 11,787 shares, a drop of 47.0% from the June 30th total of 22,231 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 3,554 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position 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 purchasing an additional 1,817 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Bluerock Homes Trust in the fourth quarter valued at $35,000. Millennium Management LLC lifted its stake in Bluerock Homes Trust by 17.3% in 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 last quarter. Finally, Dearborn Partners LLC acquired a new position in shares of Bluerock Homes Trust during the fourth quarter valued at $150,000. 56.06% of the stock is currently owned by hedge funds and other institutional investors.

Bluerock Homes Trust Stock Up 2.5%

Shares of NYSEAMERICAN BHM traded up $0.21 during trading on Wednesday, hitting $8.50. 1,038 shares of the company traded hands, compared to its average volume of 9,458. The firm has a market capitalization of $34.94 million, a P/E ratio of -2.81 and a beta of 0.22. The company has a 50-day moving average price of $9.36 and a 200-day moving average price of $10.12. Bluerock Homes Trust has a 1 year low of $8.05 and a 1 year high of $14.35.

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

Bluerock Homes Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 25th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, June 25th. Bluerock Homes Trust’s payout ratio is presently -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.