Key Points
- CEO Ramin Kamfar bought 22,727 shares on March 18 at an average $10.97 (about $249,315), bringing his direct holdings to 50,446 shares — an 81.99% increase in his position.
- The company declared a quarterly dividend of $0.125 per share (annualized $0.50) with an ex-dividend/record date of March 25, implying a yield of roughly 4.5%.
- The Board authorized a $10.0 million share buyback, permitting repurchases of up to about 27.5% of outstanding shares, a move that typically signals management views the stock as undervalued.
Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM - Get Free Report) CEO Ramin Kamfar acquired 3,071 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $10.68 per share, for a total transaction of $32,798.28. Following the purchase, the chief executive officer directly owned 53,517 shares in the company, valued at approximately $571,561.56. This trade represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ramin Kamfar also recently made the following trade(s):
- On Wednesday, March 18th, Ramin Kamfar bought 22,727 shares of Bluerock Homes Trust stock. The stock was purchased at an average price of $10.97 per share, with a total value of $249,315.19.
- On Tuesday, March 3rd, Ramin Kamfar purchased 25,000 shares of Bluerock Homes Trust stock. The shares were purchased at an average cost of $11.65 per share, for a total transaction of $291,250.00.
Bluerock Homes Trust Stock Performance
BHM stock opened at $11.09 on Friday. The firm has a market cap of $45.03 million, a PE ratio of -3.67 and a beta of 0.58. The firm's fifty day moving average is $10.01 and its 200 day moving average is $10.28. Bluerock Homes Trust, Inc. has a one year low of $8.05 and a one year high of $14.81.
Bluerock Homes Trust announced that its board has approved a share buyback plan on Tuesday, February 17th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 27.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.
Bluerock Homes Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, March 25th. Bluerock Homes Trust's dividend payout ratio is presently -51.02%.
Hedge Funds Weigh In On Bluerock Homes Trust
A number of hedge funds have recently bought and sold shares of BHM. Arkadios Wealth Advisors grew 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 purchasing an additional 23,772 shares during the period. Dearborn Partners LLC purchased a new stake in shares of Bluerock Homes Trust in the fourth quarter valued at approximately $150,000. Millennium Management LLC raised its stake 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 worth $834,000 after buying an additional 11,523 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Bluerock Homes Trust during the 4th quarter worth approximately $35,000. Finally, Geode Capital Management LLC lifted its position in shares of Bluerock Homes Trust by 4.9% during the 4th 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 in the last quarter. Hedge funds and other 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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