Bluerock Homes Trust (BHM) Stock

NEW YORK , Oct. 14, 2024 /PRNewswire/ -- Bluerock Homes Trust, Inc. (NYSE American: BHM) (the "Company") today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series A Redeemable Preferred Stock (the "Series A Preferred Stock") for the fourth quarter of 2024, equal to a quarterly rate of $0.375 per share (the "Series A Preferred Dividends"). The Series A Preferred Dividends will be payable in cash as follows: accrued but unpaid dividends of $0.125 per share to be paid on Tuesday, November 5, 2024 to Series A Preferred stockholders of record as of Friday, October 25, 2024; $0.125 per share to be paid on Thursday, December 5, 2024 to Series A Preferred stockholders of record as of Monday, November 25, 2024; and $0.125 per share to be paid on Friday, January 3, 2025 to Series A Preferred stockholders of record as of Tuesday, December 24, 2024.

The Bluerock Homes Trust stock price has risen by 45% since October 2023, outperforming the real estate sector. The rise was driven by strong revenue growth in 2023 resulting in improved market multiples. An uptick in real estate also bolstered the stock. However, the company's Q1 2024 figures reflected a slowing down in growth and after a sustained price rise, the market multiples don't look particularly competitive either.

NEW YORK , July 15, 2024 /PRNewswire/ -- Bluerock Homes Trust, Inc. (NYSE American: BHM) (the "Company") today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series A Redeemable Preferred Stock (the "Series A Preferred Stock") for the third quarter of 2024, equal to a quarterly rate of $0.375 per share (the "Series A Preferred Dividends"). The Series A Preferred Dividends will be payable in cash as follows: accrued but unpaid dividends of $0.125 per share to be paid on Monday, August 5, 2024 to Series A Preferred stockholders of record as of Thursday, July 25, 2024; $0.125 per share to be paid on Thursday, September 5, 2024 to Series A Preferred stockholders of record as of Friday, August 23, 2024; and $0.125 per share to be paid on Friday, October 4, 2024 to Series A Preferred stockholders of record as of Wednesday, September 25, 2024.

Bluerock Homes Trust is a single-family residential REIT spun off from Bluerock Residential Growth REIT. The company is currently trading at a substantial discount to its net asset value and valuation multiples compared to other single-family residential REITs. The small size of Bluerock Homes Trust presents a unique investment opportunity, as many institutional investors are unable to invest in the stock.

Bluerock Homes Trust's stock price has dropped by half since its public listing in September 2022, which is unsurprising at a time when the single-family rental market is softening. Despite market challenges, the company comes with good credentials, has a promising market and has been profitable at the operating level in the past. However, its latest operating loss, lack of dividends and some unfavourable market multiples work against it.