Insider Buying: Bluerock Homes Trust (NYSEAMERICAN:BHM) CEO Acquires 3,071 Shares of Stock

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) CEO Ramin Kamfar bought 3,071 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $10.68 per share, with a total value of $32,798.28. Following the completion of the transaction, the chief executive officer directly owned 53,517 shares of the company’s stock, valued at $571,561.56. This trade represents a 6.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ramin Kamfar also recently made the following trade(s):

• On Wednesday, March 18th, Ramin Kamfar purchased 22,727 shares of Bluerock Homes Trust stock. The shares were bought at an average cost of $10.97 per share, for a total transaction of $249,315.19.
• On Tuesday, March 3rd, Ramin Kamfar acquired 25,000 shares of Bluerock Homes Trust stock. The shares were bought at an average price of $11.65 per share, with a total value of $291,250.00.

Bluerock Homes Trust Stock Up 2.7%

Shares of BHM stock traded up $0.30 on Friday, hitting $11.05. The company had a trading volume of 8,614 shares, compared to its average volume of 9,076. The firm has a market cap of $44.84 million, a P/E ratio of -3.66 and a beta of 0.58. The company has a 50-day moving average price of $9.99 and a 200-day moving average price of $10.30. Bluerock Homes Trust, Inc. has a twelve month low of $8.05 and a twelve month high of $14.81.

Bluerock Homes Trust declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 17th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to purchase up to 27.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Bluerock Homes Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 25th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, March 25th. Bluerock Homes Trust’s dividend payout ratio (DPR) is currently -51.02%.

Institutional Investors Weigh In On Bluerock Homes Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC increased 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 in the last quarter. Kestra Advisory Services LLC purchased a new stake in Bluerock Homes Trust during the fourth quarter worth $35,000. Dearborn Partners LLC acquired a new stake in Bluerock Homes Trust during the fourth quarter valued at $150,000. Geode Capital Management LLC grew its position in Bluerock Homes Trust by 4.9% during 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 during the period. Finally, Arkadios Wealth Advisors increased its holdings in Bluerock Homes Trust by 26.4% in the third quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company’s stock valued at $1,362,000 after buying an additional 23,772 shares in the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.

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.