Dream Finders Homes (NYSE:DFH) Share Price Crosses Below Fifty Day Moving Average After Analyst Downgrade

Dream Finders Homes, Inc. (NYSE:DFH) shares crossed below its 50 day moving average during trading on Friday after Zelman & Associates downgraded the stock from an outperform rating to a neutral rating. The stock has a 50 day moving average of $10.85 and traded as low as $10.21. Dream Finders Homes shares last traded at $10.6580, with a volume of 981,213 shares changing hands.

Other research analysts have also recently issued research reports about the company. 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 lowered shares of Dream Finders Homes from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, November 4th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt bought 10,000 shares of Dream Finders Homes stock in a transaction dated Thursday, September 10th. The stock was purchased at an average price of $12.07 per share, for a total transaction of $120,700.00. Following the completion of the purchase, the director directly owned 100,000 shares of the company’s stock, valued at approximately $1,207,000. This trade represents a 11.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 14,000 shares of company stock valued at $173,545 in the last three months. 65.97% of the stock is owned by company insiders.

Institutional Trading of Dream Finders Homes

A number of institutional investors have recently modified their holdings of DFH. Dimensional Fund Advisors LP grew its position in shares of Dream Finders Homes by 19.3% in the first 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. Bank of New York Mellon Corp purchased a new position in Dream Finders Homes during the 2nd quarter valued at about $2,833,000. Janus Henderson Group PLC increased its position in shares of Dream Finders Homes by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock valued at $26,125,000 after buying an additional 92,691 shares during the period. Public Sector Pension Investment Board increased its position in shares of Dream Finders Homes by 73.5% during the third quarter. Public Sector Pension Investment Board now owns 165,145 shares of the company’s stock valued at $1,767,000 after buying an additional 69,944 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Dream Finders Homes by 51.5% in the first quarter. Bank of America Corp DE now owns 146,119 shares of the company’s stock worth $2,034,000 after buying an additional 49,694 shares in the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Dream Finders Homes Price Performance

The stock has a market capitalization of $966.89 million, a PE ratio of 11.10 and a beta of 2.02. The business’s fifty day moving average price is $10.85 and its 200-day moving average price is $14.40.

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

About Dream Finders Homes

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.