Dream Finders Homes (NYSE:DFH) Stock Rating Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of Dream Finders Homes (NYSE:DFH) from a sell rating to a strong sell rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Dream Finders Homes from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Dream Finders Homes Trading Down 0.5%

Shares of NYSE DFH opened at $12.40 on Friday. Dream Finders Homes has a one year low of $7.30 and a one year high of $21.55. The business has a 50-day moving average price of $11.07 and a two-hundred day moving average price of $14.58. The firm has a market capitalization of $1.13 billion, a PE ratio of 12.92 and a beta of 2.02.

Dream Finders Homes (NYSE:DFH) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $996.05 million during the quarter. Dream Finders Homes had a net margin of 2.56% and a return on equity of 8.87%.

Insiders Place Their Bets

In other news, Director Richard Beckwitt purchased 70,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $13.95 per share, with a total value of $976,500.00. Following the purchase, the director directly owned 70,000 shares of the company’s stock, valued at approximately $976,500. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 104,000 shares of company stock valued at $1,438,285. Corporate insiders own 65.97% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Dream Finders Homes by 19.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock valued at $20,173,000 after buying an additional 234,899 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Dream Finders Homes during the 2nd quarter valued at about $2,833,000. Janus Henderson Group PLC boosted its position in shares of Dream Finders Homes by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock valued at $26,125,000 after acquiring an additional 92,691 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Dream Finders Homes by 51.5% during the 1st quarter. Bank of America Corp DE now owns 146,119 shares of the company’s stock valued at $2,034,000 after acquiring an additional 49,694 shares in the last quarter. Finally, Integrity Alliance LLC. bought a new stake in Dream Finders Homes in the third quarter valued at about $466,000. Institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company serves primarily first-time, move-up and luxury homebuyers, offering homes in a range of floor plans, sizes and price points. Its activities include land acquisition and development, home construction, sales and customer service.

Founded in 2008 by Patrick Zalupski, Dream Finders Homes is headquartered in Jacksonville, Florida. The company operates in selected markets across the Southeast, Mid-Atlantic, Texas and Colorado through the Dream Finders Homes brand and regional homebuilding operations, including affiliated brands such as Coventry Homes and Crescent Homes.

In addition to homebuilding, the company provides related services intended to support the purchase process, including mortgage lending and title and closing services through affiliated businesses.