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

Zelman & Associates downgraded shares of Dream Finders Homes (NYSE:DFH) from an outperform rating to a neutral rating in a report issued on Friday, Marketbeat Ratings reports.

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

Dream Finders Homes Stock Down 3.2%

Dream Finders Homes stock traded down $0.35 during trading on Friday, hitting $10.66. The stock had a trading volume of 981,213 shares, 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 stock’s 50 day moving average is $10.85 and its two-hundred day moving average is $14.40. The stock has a market cap of $966.89 million, a price-to-earnings ratio of 11.10 and a beta of 2.02.

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

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt purchased 10,000 shares of the stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $12.07 per share, with a total value of $120,700.00. Following the acquisition, the director directly owned 100,000 shares in the company, valued at approximately $1,207,000. The trade was a 11.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders bought 14,000 shares of company stock valued at $173,545. Company insiders own 65.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake 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 worth $20,173,000 after buying an additional 234,899 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Dream Finders Homes by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock worth $26,125,000 after buying an additional 92,691 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Dream Finders Homes during the 2nd quarter valued at $2,833,000. Bank of America Corp DE raised 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 buying an additional 49,694 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in shares of Dream Finders Homes during the 3rd quarter valued at $466,000. 95.55% of the stock is currently owned by institutional investors.

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.