Dream Finders Homes (NYSE:DFH) Trading Down 5.8% – Here’s What Happened

Dream Finders Homes, Inc. (NYSE:DFH)’s share price was down 5.8% during mid-day trading on Tuesday . The company traded as low as $13.65 and last traded at $13.6840. Approximately 191,902 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 584,051 shares. The stock had previously closed at $14.53.

Analyst Ratings Changes

A number of research analysts have issued reports on DFH shares. Citigroup started coverage on shares of Dream Finders Homes in a report on Wednesday, January 7th. They issued a “market perform” rating for the company. Zacks Research cut shares of Dream Finders Homes from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dream Finders Homes in a report on Tuesday, January 27th. Citizens Jmp raised shares of Dream Finders Homes to a “hold” rating in a report on Wednesday, January 7th. Finally, Wall Street Zen raised shares of Dream Finders Homes from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Trading Down 7.1%

The stock’s 50 day moving average price is $17.21 and its two-hundred day moving average price is $19.42. The firm has a market capitalization of $1.24 billion, a PE ratio of 6.29, a PEG ratio of 1.12 and a beta of 1.94.

Dream Finders Homes (NYSE:DFH) last issued its quarterly earnings data on Monday, February 23rd. The company reported $999.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $998.38. Dream Finders Homes had a net margin of 5.02% and a return on equity of 16.00%. The business had revenue of $1.21 billion during the quarter.

Institutional Trading of Dream Finders Homes

A number of hedge funds have recently bought and sold shares of the company. Cooke & Bieler LP boosted its position in Dream Finders Homes by 0.7% during the fourth quarter. Cooke & Bieler LP now owns 2,487,064 shares of the company’s stock worth $42,529,000 after acquiring an additional 16,946 shares during the last quarter. State Street Corp boosted its position in Dream Finders Homes by 0.4% during the fourth quarter. State Street Corp now owns 1,545,418 shares of the company’s stock worth $26,427,000 after acquiring an additional 6,032 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Dream Finders Homes by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,214,409 shares of the company’s stock worth $20,767,000 after acquiring an additional 76,919 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Dream Finders Homes by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock worth $11,728,000 after acquiring an additional 41,117 shares during the last quarter. Finally, Elgethun Capital Management boosted its position in Dream Finders Homes by 8.2% during the fourth quarter. Elgethun Capital Management now owns 495,037 shares of the company’s stock worth $8,465,000 after acquiring an additional 37,450 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

About Dream Finders Homes

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.