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

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,800 shares, agrowthof60.0% from the June 30th total of 5,500 shares. Approximately0.3% of the shares of the stock are sold short. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is currently 3.1 days. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is currently 3.1 days. Approximately0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Bluerock Homes Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BHM. Arkadios Wealth Advisors lifted its holdings in shares of Bluerock Homes Trust by 28.5% during the first quarter. Arkadios Wealth Advisors now owns 85,177 shares of the company's stock valued at $968,000 after acquiring an additional 18,895 shares during the period. Northern Trust Corp lifted its holdings in shares of Bluerock Homes Trust by 38.2% during the fourth quarter. Northern Trust Corp now owns 23,185 shares of the company's stock valued at $308,000 after acquiring an additional 6,414 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 56.06% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Colliers Securities assumed coverage on shares of Bluerock Homes Trust in a research report on Tuesday, July 8th. They issued a "buy" rating and a $15.00 price objective on the stock.

Bluerock Homes Trust Stock Performance

Shares of Bluerock Homes Trust stock traded up $0.80 during trading on Friday, hitting $13.55. 1,445 shares of the stock were exchanged, compared to its average volume of 1,956. Bluerock Homes Trust has a 12 month low of $9.30 and a 12 month high of $18.89. The stock has a market cap of $55.15 million, a PE ratio of -9.03 and a beta of 0.78. The stock's fifty day moving average is $13.06 and its 200 day moving average is $11.86.

Bluerock Homes Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 26th were issued a dividend of $0.125 per share. This represents a yield of 390.0%. The ex-dividend date was Wednesday, June 25th. Bluerock Homes Trust's dividend payout ratio (DPR) is -51.02%.

About Bluerock Homes Trust

Bluerock Homes Trust, Inc (the Company) was incorporated in Maryland on December 16, 2021. The Company owns and operates high-quality single-family properties located in attractive markets with a focus on the knowledge-economy and high-quality of life growth markets of the Sunbelt and Western United States.