Dream Finders Homes (NYSE:DFH) Rating Lowered to Neutral at Zelman & Associates

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

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

Dream Finders Homes Price Performance

Shares of NYSE DFH traded down $0.35 during trading on Friday, hitting $10.66. 981,213 shares of the company were exchanged, compared to its average volume of 1,478,944. Dream Finders Homes has a 1 year low of $7.30 and a 1 year high of $21.55. The company has a market cap of $966.89 million, a price-to-earnings ratio of 11.10 and a beta of 2.02. The firm’s fifty day moving average price is $10.85 and its 200 day moving average price is $14.40.

Dream Finders Homes (NYSE:DFH) last announced 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%.

Insider Activity

In other Dream Finders Homes news, Director Richard Beckwitt acquired 10,000 shares of the firm’s 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 transaction, the director directly owned 100,000 shares of the company’s stock, valued at approximately $1,207,000. This represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders acquired 14,000 shares of company stock worth $173,545. Insiders own 65.97% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP grew its stake in Dream Finders Homes by 309.2% in the 3rd quarter. Marshall Wace LLP now owns 1,027,193 shares of the company’s stock worth $10,991,000 after acquiring an additional 776,167 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Dream Finders Homes by 19.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock worth $20,173,000 after purchasing an additional 234,899 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Dream Finders Homes during the 2nd quarter worth $2,833,000. Janus Henderson Group PLC lifted its stake 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 worth $26,125,000 after purchasing an additional 92,691 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Dream Finders Homes by 73.5% during the third 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 during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

About Dream Finders Homes

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.