(BHM) Bluerock Homes Trust - Ratings and Ratios

Bluerock Homes Trust, Inc. (NYSE MKT:BHM) is a real estate investment trust (REIT) specializing in the ownership and operation of single-family properties. Its strategic focus is on high-growth regions, particularly the Sunbelt and Western United States, where demographic trends and migration patterns drive demand for housing. As of December 31, 2023, the companys portfolio comprised 18 real estate investments, including 11 consolidated properties and 7 preferred equity and loan investments. This structure allows the company to diversify its exposure across different asset classes and risk profiles within the residential real estate sector.

As a REIT, Bluerock Homes Trust is required to distribute at least 90% of its taxable income to shareholders annually, enabling tax-efficient returns for investors. The companys incorporation in 2021 and headquarters in New York, New York, position it as a relatively new player in the REIT space, with a focus on scaling its portfolio in targeted markets. Its operational strategy emphasizes acquiring properties in regions with strong economic fundamentals, such as population growth, job market expansion, and limited housing supply.

From a technical perspective, BHMs stock has shown recent price action near $11.90, with short-term moving averages indicating potential support at $11.52 (SMA 20) and resistance at $12.16 (SMA 50). The SMA 200 at $15.09 suggests longer-term downward momentum. Average trading volume over the past 20 days is 2,937 shares, reflecting relatively low liquidity. The ATR of 0.34 indicates modest price volatility.

On the fundamental side, BHM has a market capitalization of $45.69 million, with a price-to-book ratio of 0.32, signaling that shares are trading below book value. The P/S ratio of 0.79 reflects a discount relative to sales, while the negative return on equity (-0.54) highlights current profitability challenges. The lack of forward P/E suggests limited visibility into future earnings.