Elevation Point Wealth Partners LLC Makes New $4.80 Million Investment in Dream Finders Homes, Inc. $DFH

Elevation Point Wealth Partners LLC acquired a new stake in Dream Finders Homes, Inc. (NYSE:DFH) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 344,796 shares of the company’s stock, valued at approximately $4,800,000. Elevation Point Wealth Partners LLC owned about 0.38% of Dream Finders Homes as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in Dream Finders Homes in the first quarter valued at approximately $150,000. Louisiana State Employees Retirement System purchased a new position in shares of Dream Finders Homes during the first quarter worth $177,000. Rockefeller Capital Management L.P. grew its stake in shares of Dream Finders Homes by 105.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 128,872 shares of the company’s stock valued at $2,204,000 after buying an additional 66,294 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of Dream Finders Homes in the fourth quarter valued at $172,000. Finally, Invesco Ltd. lifted 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 acquiring an additional 149,231 shares in the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Dream Finders Homes Stock Down 0.2%

Shares of NYSE:DFH opened at $16.76 on Friday. Dream Finders Homes, Inc. has a fifty-two week low of $12.20 and a fifty-two week high of $31.50. The firm’s 50-day simple moving average is $14.95 and its 200-day simple moving average is $16.46. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 9.74 and a beta of 1.85.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings lowered Dream Finders Homes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Dream Finders Homes from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Dream Finders Homes currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Dream Finders Homes 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.