Royal Bank of Canada Cuts Dream Finders Homes (NASDAQ:DFH) Price Target to $8.00

Dream Finders Homes (NASDAQ:DFHGet Rating) had its price objective lowered by Royal Bank of Canada from $12.00 to $8.00 in a research note released on Tuesday morning, The Fly reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Separately, Bank of America upgraded shares of Dream Finders Homes from an underperform rating to a neutral rating and set a $12.00 price target on the stock in a research report on Thursday, August 25th.

Dream Finders Homes Trading Down 3.8 %

DFH opened at $9.30 on Tuesday. Dream Finders Homes has a 1-year low of $8.77 and a 1-year high of $23.09. The company has a market capitalization of $862.67 million, a PE ratio of 4.21, a PEG ratio of 0.27 and a beta of 1.19. The firm’s 50 day simple moving average is $10.61 and its two-hundred day simple moving average is $12.42.

Institutional Trading of Dream Finders Homes

Several institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp raised its position in shares of Dream Finders Homes by 17.8% during the 3rd quarter. M&T Bank Corp now owns 25,548 shares of the company’s stock valued at $270,000 after purchasing an additional 3,863 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Dream Finders Homes by 21.7% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,836,782 shares of the company’s stock valued at $61,870,000 after purchasing an additional 1,040,923 shares during the period. Neuberger Berman Group LLC raised its position in shares of Dream Finders Homes by 27.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 38,959 shares of the company’s stock valued at $413,000 after purchasing an additional 8,482 shares during the period. State Street Corp raised its position in shares of Dream Finders Homes by 27.0% during the 3rd quarter. State Street Corp now owns 265,607 shares of the company’s stock valued at $2,815,000 after purchasing an additional 56,493 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Dream Finders Homes by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,813,332 shares of the company’s stock valued at $19,222,000 after purchasing an additional 64,726 shares during the period. 20.73% of the stock is currently 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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