Bluerock Homes Trust (NYSEAMERICAN:BHM) Stock Price Down 0.5% - Should You Sell?

Key Points

• Bluerock Homes Trust stock experienced a decline of 0.5%, trading at $13.98 with a volume drop of 56% from the average daily trading activity.
• Analysts at Colliers Securities have issued a "buy" rating for Bluerock Homes Trust with a target price of $15.00.
• Institutional ownership of the company stands at 56.06%, with Northern Trust Corp increasing its stake by 38.2% in the fourth quarter.

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM - Get Free Report) dropped 0.5% during mid-day trading on Friday . The stock traded as low as $13.98 and last traded at $13.98. Approximately 933 shares changed hands during trading, a decline of 56% from the average daily volume of 2,111 shares. The stock had previously closed at $14.05.

Wall Street Analyst Weigh In

Separately, Colliers Securities initiated coverage on Bluerock Homes Trust in a research note on Tuesday, July 8th. They set a "buy" rating and a $15.00 price target for the company.

Bluerock Homes Trust Price Performance

The firm has a market capitalization of $56.13 million, a P/E ratio of 38.84 and a beta of 0.78. The stock has a fifty day simple moving average of $12.75 and a two-hundred day simple moving average of $11.87.

Bluerock Homes Trust Cuts Dividend

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

Institutional Trading of Bluerock Homes Trust

A hedge fund recently raised its stake in Bluerock Homes Trust stock. Arkadios Wealth Advisors raised its stake in shares of Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM - Free Report) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,177 shares of the company's stock after purchasing an additional 18,895 shares during the period. Arkadios Wealth Advisors owned 2.15% of Bluerock Homes Trust worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 56.06% of the company's stock.

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.