Key Points
- CEO Ramin Kamfar bought 25,000 shares on March 3 at $11.65 each for $291,250, boosting his ownership by about 919% to 27,719 shares (worth roughly $322,926).
- Bluerock announced a quarterly dividend of $0.125 per share (annualized $0.50, ~4.6% yield) with an ex-dividend date of March 25 and also authorized a $10 million share repurchase program that could buy up to ~27.5% of outstanding shares.
Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM - Get Free Report) CEO Ramin Kamfar bought 25,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $11.65 per share, for a total transaction of $291,250.00. Following the completion of the purchase, the chief executive officer directly owned 27,719 shares in the company, valued at approximately $322,926.35. This represents a 919.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ramin Kamfar also recently made the following trade(s):
- On Friday, December 12th, Ramin Kamfar purchased 700 shares of Bluerock Homes Trust stock. The shares were purchased at an average price of $8.71 per share, with a total value of $6,097.00.
Bluerock Homes Trust Trading Down 1.9%
Shares of Bluerock Homes Trust stock traded down $0.21 during trading on Thursday, hitting $10.80. The stock had a trading volume of 4,659 shares, compared to its average volume of 7,663. The firm has a market cap of $43.83 million, a price-to-earnings ratio of -3.70 and a beta of 0.58. Bluerock Homes Trust, Inc. has a 12 month low of $8.05 and a 12 month high of $14.81. The business's 50-day moving average is $10.01 and its 200 day moving average is $10.39.
Bluerock Homes Trust Announces Dividend
The firm also recently announced 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 4.6%. The ex-dividend date is Wednesday, March 25th. Bluerock Homes Trust's payout ratio is presently -51.02%.
Bluerock Homes Trust declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 17th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 27.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
Institutional Trading of Bluerock Homes Trust
Large investors have recently modified their holdings of the business. Quinn Opportunity Partners LLC grew its position in Bluerock Homes Trust by 0.5% during the second quarter. Quinn Opportunity Partners LLC now owns 228,282 shares of the company's stock valued at $2,858,000 after acquiring an additional 1,211 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Bluerock Homes Trust by 26.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 113,676 shares of the company's stock worth $1,362,000 after acquiring an additional 23,772 shares during the last quarter. Geode Capital Management LLC lifted 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 acquiring an additional 1,817 shares during the last quarter. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust in the 4th quarter valued at $150,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Bluerock Homes Trust in the 4th quarter valued at $35,000. Institutional investors own 56.06% of the company's stock.
Bluerock Homes Trust Company Profile
(
Get Free Report)
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.
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