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

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

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Trading Down 7.1%

The stock has a market capitalization of $1.24 billion, a PE ratio of 6.29, a P/E/G ratio of 1.12 and a beta of 1.94. The company has a 50 day simple moving average of $17.21 and a 200 day simple moving average of $19.42.

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

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds have recently added to or reduced their stakes in DFH. Marshall Wace LLP acquired a new stake in Dream Finders Homes in the second quarter valued at about $12,388,000. Millennium Management LLC increased its holdings in Dream Finders Homes by 200.1% in the fourth quarter. Millennium Management LLC now owns 382,170 shares of the company’s stock valued at $6,535,000 after buying an additional 254,839 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Dream Finders Homes by 73.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 460,844 shares of the company’s stock valued at $7,880,000 after buying an additional 195,742 shares in the last quarter. Invesco Ltd. increased its holdings in Dream Finders Homes by 50.0% in the fourth quarter. Invesco Ltd. now owns 447,880 shares of the company’s stock valued at $7,659,000 after buying an additional 149,231 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Dream Finders Homes by 1,443.4% in the fourth quarter. SG Americas Securities LLC now owns 155,946 shares of the company’s stock valued at $2,667,000 after buying an additional 145,842 shares in 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.