Dream Finders Homes (NYSE:DFH) 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 research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings cut Dream Finders Homes from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Dream Finders Homes Stock Performance

Dream Finders Homes stock opened at $12.89 on Friday. Dream Finders Homes has a one year low of $7.30 and a one year high of $21.55. The company has a 50-day simple moving average of $11.04 and a 200-day simple moving average of $14.55. The firm has a market capitalization of $1.17 billion, a P/E ratio of 10.86 and a beta of 2.02.

Dream Finders Homes (NYSE:DFH) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $996.05 million for 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 other Dream Finders Homes news, Director Richard Beckwitt bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of $12.07 per share, with a total value of $120,700.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at approximately $1,207,000. This trade represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 34,000 shares of company stock valued at $461,785. 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 DFH. Illinois Municipal Retirement Fund lifted its position in shares of Dream Finders Homes by 9.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 17,761 shares of the company’s stock worth $247,000 after buying an additional 1,527 shares during the period. Versant Capital Management Inc raised its stake in 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 acquiring an additional 1,913 shares in the last quarter. 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 acquiring an additional 2,043 shares in 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 acquiring an additional 2,728 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Dream Finders Homes by 2.1% during the first quarter. Principal Financial Group Inc. now owns 139,944 shares of the company’s stock valued at $1,948,000 after acquiring an additional 2,899 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

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.