Dream Finders Homes (NYSE:DFH) Stock Rating Lowered by Zelman & Associates

Dream Finders Homes (NYSE:DFH) was downgraded by research analysts at Zelman & Associates from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, Benzinga reports.

Several other analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Dream Finders Homes from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, November 4th. Wall Street Zen lowered Dream Finders Homes from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 7th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Dream Finders Homes has an average rating of “Reduce”.

Dream Finders Homes Price Performance

DFH opened at $11.06 on Friday. Dream Finders Homes has a fifty-two week low of $7.30 and a fifty-two week high of $21.55. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 11.53 and a beta of 2.02. The company’s 50 day moving average price is $10.91 and its two-hundred day moving average price is $14.44.

Dream Finders Homes (NYSE:DFH) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm 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%.

Insider Activity at Dream Finders Homes

In related news, Director Richard Beckwitt bought 10,000 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of $12.07 per share, for a total transaction of $120,700.00. Following the completion of the acquisition, the director directly owned 100,000 shares of the company’s stock, valued at approximately $1,207,000. The trade was a 11.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased 14,000 shares of company stock valued at $173,545 over the last quarter. 65.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its position in shares of Dream Finders Homes by 9.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 17,761 shares of the company’s stock worth $247,000 after purchasing an additional 1,527 shares during the period. Versant Capital Management Inc increased its position in shares of Dream Finders Homes by 59.4% during the second quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock worth $89,000 after buying an additional 1,913 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in Dream Finders Homes by 193.1% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,101 shares of the company’s stock worth $33,000 after buying an additional 2,043 shares during the last quarter. GAMMA Investing LLC raised its stake in Dream Finders Homes by 37.5% during the second quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock worth $173,000 after buying an additional 2,728 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Dream Finders Homes by 2.1% during the first quarter. Principal Financial Group Inc. now owns 139,944 shares of the company’s stock worth $1,948,000 after buying an additional 2,899 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc. is a homebuilding company that designs, builds and sells single-family homes and townhomes. Its offerings include homes in a range of styles and price points, with options that allow buyers to personalize features and finishes. Founded in 2008 and headquartered in Jacksonville, Florida, the company serves homebuyers in markets across the Southeast and Mid-Atlantic, as well as select markets in other regions. It operates under the Dream Finders Homes brand and other regional homebuilding brands.