Dream Finders Homes, Inc. (NYSE:DFH) Given Average Rating of “Hold” by Brokerages

Shares of Dream Finders Homes, Inc. (NYSE:DFH) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $26.00.

DFH has been the topic of several research analyst reports. Weiss Ratings lowered Dream Finders Homes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of Dream Finders Homes from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th.

Dream Finders Homes Trading Up 2.3%

Shares of DFH opened at $16.76 on Friday. Dream Finders Homes has a twelve month low of $12.20 and a twelve month high of $31.50. The firm has a market capitalization of $1.53 billion, a P/E ratio of 9.74 and a beta of 1.85. The stock’s fifty day simple moving average is $14.93 and its 200 day simple moving average is $16.46.

Dream Finders Homes (NYSE:DFH) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.15). The firm had revenue of $887.84 million for the quarter. Dream Finders Homes had a net margin of 4.16% and a return on equity of 12.65%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Dream Finders Homes during the first quarter worth $4,800,000. Millennium Management LLC grew its holdings in Dream Finders Homes by 200.1% during the 4th quarter. Millennium Management LLC now owns 382,170 shares of the company’s stock valued at $6,535,000 after purchasing an additional 254,839 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 valued at $20,173,000 after purchasing an additional 234,899 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Dream Finders Homes by 73.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 460,844 shares of the company’s stock worth $7,880,000 after buying an additional 195,742 shares during the period. Finally, Invesco Ltd. increased its stake in Dream Finders Homes by 50.0% during the 4th quarter. Invesco Ltd. now owns 447,880 shares of the company’s stock worth $7,659,000 after buying an additional 149,231 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.

Dream Finders Homes Company Profile

Dream Finders Homes is a residential homebuilder that specializes in the design, marketing and construction of single‐family homes, townhomes and condominiums. The company operates a semi‐custom building model that allows homebuyers to select from a range of floor plans and interior finishes, blending the efficiency of production building with the appeal of personalized design options. Dream Finders Homes emphasizes customer engagement through design studios and online tools, guiding buyers through each stage of the homebuilding process from lot selection to move-in.

Since its founding in 2015, Dream Finders Homes has focused on master‐planned and mixed-use communities, often collaborating with community developers to create integrated neighborhoods.