Wedbush Research Analysts Lower Earnings Estimates for Dream Finders Homes, Inc. (NASDAQ:DFH)

Dream Finders Homes, Inc. (NASDAQ:DFHGet Rating) – Analysts at Wedbush reduced their FY2022 EPS estimates for Dream Finders Homes in a research note issued to investors on Monday, November 7th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $2.39 for the year, down from their previous forecast of $2.60. The consensus estimate for Dream Finders Homes’ current full-year earnings is $2.57 per share. Wedbush also issued estimates for Dream Finders Homes’ Q4 2022 earnings at $0.78 EPS, Q4 2023 earnings at $0.91 EPS and Q3 2024 earnings at $0.65 EPS.

A number of other brokerages also recently issued reports on DFH. Bank of America raised Dream Finders Homes from an “underperform” rating to a “neutral” rating and set a $12.00 price target on the stock in a report on Thursday, August 25th. TheStreet cut shares of Dream Finders Homes from a “c-” rating to a “d” rating in a research note on Monday, July 18th.

Dream Finders Homes Trading Up 2.4 %

DFH stock opened at $10.25 on Tuesday. The stock has a market capitalization of $950.78 million, a PE ratio of 4.63, a price-to-earnings-growth ratio of 0.17 and a beta of 1.19. The stock’s 50 day simple moving average is $11.04 and its 200 day simple moving average is $12.95. Dream Finders Homes has a 12-month low of $9.39 and a 12-month high of $23.09.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds and other institutional investors have recently modified their holdings of DFH. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Dream Finders Homes by 8.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,795,859 shares of the company’s stock valued at $51,028,000 after purchasing an additional 357,266 shares during the last quarter. Arcus Capital Partners LLC increased its holdings in Dream Finders Homes by 2.5% during the second quarter. Arcus Capital Partners LLC now owns 3,066,286 shares of the company’s stock valued at $32,625,000 after buying an additional 76,029 shares during the last quarter. Fenimore Asset Management Inc. raised its position in Dream Finders Homes by 2.3% in the third quarter. Fenimore Asset Management Inc. now owns 599,400 shares of the company’s stock worth $6,354,000 after acquiring an additional 13,555 shares during the period. Elgethun Capital Management boosted its stake in shares of Dream Finders Homes by 512.9% during the 2nd quarter. Elgethun Capital Management now owns 212,487 shares of the company’s stock worth $2,234,000 after acquiring an additional 177,820 shares during the last quarter. Finally, State Street Corp grew its position in shares of Dream Finders Homes by 211.4% during the 2nd quarter. State Street Corp now owns 209,114 shares of the company’s stock valued at $2,225,000 after acquiring an additional 141,961 shares during the period. 20.73% of the stock is owned by institutional investors.

About Dream Finders Homes

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Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.

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Earnings History and Estimates for Dream Finders Homes (NASDAQ:DFH)

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