Profile
Sector:
Real EstateIndustry:
ResidentialCountry:
United StatesIPO:
28 September 2022Website:
http://bluerock.comNext earnings report:
09 May 2025Last dividends:
28 December 2023Next dividends:
N/APrice
regular market | Wed, 20 Nov 2024 20:12:40 GMTAnalysts recommendations
Institutional Ownership
BHM Latest News
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.
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
What type of business is 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. The Company's principal objective is to generate attractive risk-adjusted returns on investments where it believes it can drive growth in funds from operations and net asset value by acquiring pre-existing single-family residential units, developing build-to-rent communities, and through Value-Add renovations. The Company's Value-Add strategy focuses on repositioning lower-quality, less current assets to drive rent growth and expand margins to increase net operating income and maximize the Company's return on investment. As of March 31, 2024, the Company held twenty real estate investments, consisting of twelve consolidated investments and eight preferred equity and loan investments. The twenty investments represent an aggregate of 4,366 residential units, comprised of 2,745 consolidated units, of which 170 units are under development, and 1,621 units through preferred equity and loan investments. As of March 31, 2024, the Company's consolidated operating investments were approximately 94.8% occupied.
What sector is Bluerock Homes Trust in?
Bluerock Homes Trust is in the Real Estate sector
What industry is Bluerock Homes Trust in?
Bluerock Homes Trust is in the Residential industry
What country is Bluerock Homes Trust from?
Bluerock Homes Trust is headquartered in United States
When did Bluerock Homes Trust go public?
Bluerock Homes Trust initial public offering (IPO) was on 28 September 2022
What is Bluerock Homes Trust website?
https://bluerock.com/bluerock-homes-trust/
Is Bluerock Homes Trust in the S&P 500?
No, Bluerock Homes Trust is not included in the S&P 500 index
Is Bluerock Homes Trust in the NASDAQ 100?
No, Bluerock Homes Trust is not included in the NASDAQ 100 index
Is Bluerock Homes Trust in the Dow Jones?
No, Bluerock Homes Trust is not included in the Dow Jones index
When was Bluerock Homes Trust the previous earnings report?
No data
When does Bluerock Homes Trust earnings report?
The next expected earnings date for Bluerock Homes Trust is 09 May 2025