Dream Finders Homes (NYSE:DFH) Downgraded by Zelman & Associates to Neutral

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

Several other research firms have also recently weighed in on DFH. Weiss Ratings cut Dream Finders Homes from a “sell (d+)” rating to a “sell (d)” rating in a research report 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 investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Dream Finders Homes Trading Down 7.7%

Shares of NYSE DFH opened at $11.06 on Friday. The company has a fifty day moving average price of $10.91 and a 200 day moving average price of $14.44. The firm has a market cap of $1.00 billion, a PE ratio of 11.53 and a beta of 2.02. Dream Finders Homes has a 1-year low of $7.30 and a 1-year high of $21.55.

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 for the quarter. Dream Finders Homes had a return on equity of 8.87% and a net margin of 2.56%.

Insider Activity

In other Dream Finders Homes news, Director Richard Beckwitt acquired 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, with a total value of $120,700.00. Following the completion of the purchase, the director directly owned 100,000 shares of the company’s stock, valued at $1,207,000. This represents a 11.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 14,000 shares of company stock worth $173,545. Corporate insiders own 65.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Elgethun Capital Management boosted its holdings in shares of Dream Finders Homes by 1.1% during the 3rd quarter. Elgethun Capital Management now owns 828,414 shares of the company’s stock valued at $8,864,000 after acquiring an additional 9,008 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Dream Finders Homes by 73.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 165,145 shares of the company’s stock worth $1,767,000 after purchasing an additional 69,944 shares in the last quarter. Russell Investments Group Ltd. raised its position in Dream Finders Homes by 33.7% in the third quarter. Russell Investments Group Ltd. now owns 46,735 shares of the company’s stock valued at $500,000 after purchasing an additional 11,777 shares during the last quarter. Fulcrum Asset Management LLP raised its position in Dream Finders Homes by 16,803.0% in the third quarter. Fulcrum Asset Management LLP now owns 11,156 shares of the company’s stock valued at $123,000 after purchasing an additional 11,090 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new position in Dream Finders Homes in the third quarter valued at about $466,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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.