Bluerock Homes Trust (NYSEAMERICAN:BHM) Trading Down 5.1% - Time to Sell?

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) fell 5.1% during trading on Thursday . The stock traded as low as $12.77 and last traded at $12.77. 2,053 shares traded hands 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 assumed coverage on shares of Bluerock Homes Trust in a research note on Tuesday, July 8th. They issued a "buy" rating and a $15.00 price target on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $15.00.

Bluerock Homes Trust Stock Performance

The business's fifty day moving average is $13.30 and its 200-day moving average is $11.86. The firm has a market cap of $52.83 million, a P/E ratio of -7.46 and a beta of 0.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp raised its position 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 worth $308,000 after acquiring an additional 6,414 shares during the last quarter. Arkadios Wealth Advisors increased its position in Bluerock Homes Trust by 28.5% during the 1st quarter. Arkadios Wealth Advisors now owns 85,177 shares of the company's stock valued at $968,000 after purchasing an additional 18,895 shares during the period. Finally, Quinn Opportunity Partners LLC raised its holdings in Bluerock Homes Trust by 0.5% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 228,282 shares of the company's stock worth $2,858,000 after purchasing an additional 1,211 shares during the last quarter. 56.06% of the stock is owned by institutional investors and hedge funds.

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.