Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) Shares Bought by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its holdings in Bluerock Homes Trust by 28.5%, now owning a total of 85,177 shares valued at approximately $968,000.
• Northern Trust Corp also boosted its stake by 38.2%, owning 23,185 shares worth $308,000, indicating strong institutional interest in the stock.
• Analysts at Colliers Securities initiated coverage on Bluerock Homes Trust with a "buy" rating and a price target of $15.00.

Arkadios Wealth Advisors lifted its stake in shares of Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM - Free Report) by 28.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 85,177 shares of the company's stock after acquiring an additional 18,895 shares during the period. Arkadios Wealth Advisors owned approximately 2.15% of Bluerock Homes Trust worth $968,000 as of its most recent SEC filing.

Separately, Northern Trust Corp boosted 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 purchasing an additional 6,414 shares in the last quarter. 56.06% of the stock is owned by hedge funds and other institutional investors.

Bluerock Homes Trust Stock Performance

Shares of BHM traded up $0.08 during trading hours on Thursday, hitting $13.53. The stock had a trading volume of 659 shares, compared to its average volume of 3,799. The firm has a market capitalization of $55.07 million, a price-to-earnings ratio of -9.02 and a beta of 0.78. The firm has a 50-day moving average price of $12.94 and a 200 day moving average price of $11.87. Bluerock Homes Trust, Inc. has a fifty-two week low of $9.30 and a fifty-two week high of $18.90.

Bluerock Homes Trust Cuts Dividend

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

Analysts Set New Price Targets

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

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.