Bluerock Homes Trust (NYSEAMERICAN:BHM) Trading 1.2% Higher – Time to Buy?

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) shot up 1.2% during mid-day trading on Tuesday . The stock traded as high as $16.25 and last traded at $16.25. 319 shares traded hands during trading, a decline of 93% from the average session volume of 4,791 shares. The stock had previously closed at $16.05.

Bluerock Homes Trust Price Performance

The company has a market cap of $63.63 million, a price-to-earnings ratio of -13.39 and a beta of 0.76.

Institutional Trading of Bluerock Homes Trust

Several institutional investors have recently made changes to their positions in the stock. Navis Wealth Advisors LLC acquired a new position in shares of Bluerock Homes Trust during the first quarter valued at about $213,000. Arkadios Wealth Advisors raised its stake in shares of Bluerock Homes Trust by 12.4% in the first quarter. Arkadios Wealth Advisors now owns 41,784 shares of the company’s stock valued at $709,000 after purchasing an additional 4,615 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Bluerock Homes Trust by 77.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 95,499 shares of the company’s stock valued at $1,671,000 after acquiring an additional 41,821 shares in the last quarter. 56.06% of the stock is currently 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.