Bluerock Homes Trust (NYSEAMERICAN:BHM) Stock Price Down 5.1% - Here's What Happened

Key Points

• The share price of Bluerock Homes Trust fell 5.1% to $12.77, with trading volume increasing by 84% compared to the average.
• Colliers Securities has initiated coverage with a "buy" rating and a price target of $15.00, reflecting a positive consensus among analysts.
• Bluerock Homes Trust recently declared a dividend of $0.125 per share, yielding 390.0%, though its dividend payout ratio stands at -51.02%.

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM - Get Free Report)'s share price fell 5.1% on Thursday . The stock traded as low as $12.77 and last traded at $12.77. 2,053 shares were traded during trading, an increase of 84% from the average session volume of 1,116 shares. The stock had previously closed at $13.45.

Analyst Ratings Changes

Separately, Colliers Securities began coverage on Bluerock Homes Trust in a research report on Tuesday, July 8th. They set a "buy" rating and a $15.00 price target for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $15.00.

Bluerock Homes Trust Trading Up 0.8%

The company's 50 day moving average price is $13.32 and its 200-day moving average price is $11.89. The company has a market capitalization of $53.24 million, a PE ratio of -7.52 and a beta of 0.77.

Institutional Trading of Bluerock Homes Trust

Several institutional investors have recently made changes to their positions in the stock. Quinn Opportunity Partners LLC grew its stake in shares of Bluerock Homes Trust by 0.5% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 228,282 shares of the company's stock valued at $2,858,000 after buying an additional 1,211 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Bluerock Homes Trust by 5.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 89,904 shares of the company's stock valued at $1,126,000 after buying an additional 4,727 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Bluerock Homes Trust by 38.2% during the 4th quarter. Northern Trust Corp now owns 23,185 shares of the company's stock valued at $308,000 after buying an additional 6,414 shares during the period. 56.06% of the stock is owned by hedge funds and other institutional investors.

Bluerock Homes Trust Company Profile

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.