Dream Finders Homes, Inc. operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. The company designs, builds, and sells single family attached and detached homes in Jacksonville, Orlando, Denver, the Washington D.C. metropolitan area, and Austin, as well as in Charlotte and Raleigh. It also operates as a licensed home mortgage broker that underwrites, originates, and sells mortgages to Prime Lending; and provides insurance agency services, including closing, escrow, and title insurance. The company sells its homes through its sales representatives and independent real estate brokers. Dream Finders Homes, Inc. was founded in 2008 and is headquartered in Jacksonville, Florida.
IPO Year: 2022
Exchange: NASDAQ
Website: dreamfindershomes.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/13/2023 | $8.00 | Sector Perform → Underperform | RBC Capital Mkts |
8/25/2022 | $10.50 → $12.00 | Underperform → Neutral | BofA Securities |
6/17/2022 | $18.00 → $10.50 | Neutral → Underperform | BofA Securities |
11/8/2021 | $18.00 | Neutral | BofA Securities |
Increases Dream Finders Tampa Presence in Top-Selling Lakewood Ranch Following January Launch of Regional Division Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH), the Jacksonville-based national homebuilder ranked as one of the fastest-growing U.S. companies, announced today the development of its new home community, Bungalow Walk at Waterside, in Lakewood Ranch ("Bungalow Walk at Waterside"). Following the Company's early 2024 announcement of its division opening in Tampa, Dream Finders has accelerated the expansion of this division's footprint to meet the population growth and relocation demand to the Tampa Bay area. The Company's n
Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced today that it has acquired the core homebuilding assets of privately held homebuilder, Crescent Ventures, LLC ("Crescent Homes" or "Crescent"). The acquisition will meaningfully enhance Dream Finders' geographic footprint and allow the Company to expand into the markets of Charleston and Greenville, South Carolina, and Nashville, Tennessee. Assets acquired include 457 homesites in varying stages of construction, a sales order backlog of approximately 460 homes with a value in excess of $265 million, and approximately 6,200 lots under control. Patrick Zalupski, Dream Finders' C
Dream Finders Homes, Inc. (the "Company", "Dream Finders" or "DFH") (NYSE:DFH), announced today the appointment of William W. Weatherford to its Board of Directors. Mr. Weatherford brings more than two decades of governance, financial and risk management expertise to the Dream Finders' Board. He is currently Managing Partner of Weatherford Capital, which he co-founded in 2015 to build and invest in businesses that positively impact the world. In 2012, prior to the founding of Weatherford Capital, Mr. Weatherford made history as the 84th Speaker of the Florida House of Representatives, becoming the youngest presiding officer of any state legislative chamber in the United States at the time.
Second Quarter Homebuilding Revenues of $1.1 billion Net Income to DFH Up 18%, Basic EPS up 19% Return on Participating Equity of 33.5% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights (As Compared to Second Quarter 2023, unless otherwise noted) Homebuilding revenues increased 12% to $1.1 billion from $943 million Home closings increased 10% to 2,031 from 1,846 Net new orders increased 3% to 1,712 from 1,655 Average sales price of homes closed increased to $514,833 from $504,683 Homebuilding gross margin of 19.
Builder Capital ("Builder Capital") and 400 Capital Management LLC ("400CM") announced today the closing of a land banking arrangement with Dream Finders Homes (NYSE:DFH), acquiring over 4,000 residential home sites in Charleston, SC, Greenville, SC, and Nashville, TN. The $412mm transaction occurred in connection with DFH's acquisition of the core homebuilding assets of Cresent Homes and will enhance DFH's ability to deliver affordable housing products to these supply-constrained markets. The acquired home sites, spanning over 25 active selling communities, will ultimately serve entry-level, as well as first and second time move-up homebuyers with finished home price points starting in t
First Quarter Homebuilding Revenues of $825 million Net New Orders Up 19%, Net Income to DFH Up 11% Return on Participating Equity of 34.9% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights (As Compared to First Quarter 2023, unless otherwise noted) Homebuilding revenues increased 8% to $825 million from $767 million Home closings increased 9% to 1,655 from 1,517 Net new orders increased 19% to 1,724 from 1,448 Average sales price of homes closed increased to $494,995 from $490,553 Homebuilding gross margin i
Increases Dream Finders Tampa Presence in Top-Selling Lakewood Ranch Following January Launch of Regional Division Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH), the Jacksonville-based national homebuilder ranked as one of the fastest-growing U.S. companies, announced today the development of its new home community, Bungalow Walk at Waterside, in Lakewood Ranch ("Bungalow Walk at Waterside"). Following the Company's early 2024 announcement of its division opening in Tampa, Dream Finders has accelerated the expansion of this division's footprint to meet the population growth and relocation demand to the Tampa Bay area. The Company's n
Company Record Homebuilding Revenues of $1.1 billion for Fourth Quarter and $3.7 billion for Full Year 2023 Net Income Up 18% for Fourth Quarter and 13% for Full Year 2023 Return on Participating Equity of 36.3% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights (As Compared to Fourth Quarter 2022) Homebuilding revenues increased $38 million or 3% to $1.1 billion Average sales price of homes closed increased 9% to $520,940 from $479,554 Homebuilding gross margin increased 340 basis points (bps) to 20.
Zelman Partners, A Walker & Dunlop Company (NYSE:WD), served as exclusive buy-side M&A advisor to Dream Finders Homes (NYSE:DFH) on its acquisition of privately-owned homebuilder Crescent Homes. The acquisition meaningfully enhances Dream Finders' geographic footprint and allows the company to expand into the markets of Charleston and Greenville, South Carolina, and Nashville, Tennessee. "This is Zelman's sixth M&A transaction in the last 12 months totaling more than $1.5 billion of transaction value and representing over 70% market share over that time frame. These transactions range in size from $25 million to more than $450 million and include buy-side and sell-side advisory roles in
Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced today that it has acquired the core homebuilding assets of privately held homebuilder, Crescent Ventures, LLC ("Crescent Homes" or "Crescent"). The acquisition will meaningfully enhance Dream Finders' geographic footprint and allow the Company to expand into the markets of Charleston and Greenville, South Carolina, and Nashville, Tennessee. Assets acquired include 457 homesites in varying stages of construction, a sales order backlog of approximately 460 homes with a value in excess of $265 million, and approximately 6,200 lots under control. Patrick Zalupski, Dream Finders' C
Homebuilding Revenues Up 14%, Home Closings Up 17% Return on Participating Equity of 38.9% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights (As Compared to Third Quarter 2022, unless otherwise noted) Homebuilding revenues increased 14% to $894 million from $784 million Home closings increased 17% to 1,798 from 1,542 Net new orders increased 38% to 1,535 from 1,110 Gross margin as a percentage of homebuilding revenues increased 200 basis points to 20.6% from 18.6% Adjusted gross margin (non-GAAP) as a percentag
Offering a new vision of 55+ living in one of Florida's best beach towns, Reverie at Palm Coast has introduced a new collection of decorated model homes with a festive Grand Opening celebration. The single-family homes are presented by Dream Finders Homes, a publicly traded local company (NYSE:DFH) and one of the fastest-growing homebuilders in the nation. PALM COAST, Fla., Sept. 4, 2023 /PRNewswire-PRWeb/ -- Offering a new vision of 55+ living in one of Florida's best beach towns, Reverie at Palm Coast has introduced a new collection of decorated model homes with a festive Grand Opening celebration. The single-family homes are presented by Dream Finders Homes, a publicly traded local compan
Dream Finders Homes, Inc. (the "Company" or "Dream Finders Homes") (NYSE:DFH) today announced the pricing of its private offering of $300,000,000 aggregate principal amount of 8.25% senior unsecured notes due 2028 (the "2028 Notes"). The Company expects the net aggregate proceeds of the offering to be approximately $295 million, after the underwriting discount and estimated offering expenses payable by Dream Finders Homes. The Company intends to use the net proceeds from the offering to repay a portion of the borrowings outstanding under the amended and restated credit agreement, as amended (the "Credit Agreement") and for general corporate purposes. The 2028 Notes will bear interest at
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RBC Capital Mkts downgraded Dream Finders Homes from Sector Perform to Underperform and set a new price target of $8.00
BofA Securities upgraded Dream Finders Homes from Underperform to Neutral and set a new price target of $12.00 from $10.50 previously
BofA Securities downgraded Dream Finders Homes from Neutral to Underperform and set a new price target of $10.50 from $18.00 previously
BofA Securities resumed coverage of Dream Finders Homes with a rating of Neutral and set a new price target of $18.00
Wedbush initiated coverage of Dream Finders Homes with a rating of Neutral and set a new price target of $21.00
Wedbush initiated coverage of Dream Finders Homes with a rating of Neutral
Wedbush initiated coverage of Dream Finders Homes with a rating of Neutral and set a new price target of $21.00
BTIG Research initiated coverage of Dream Finders Homes with a rating of Neutral
RBC Capital Mkts initiated coverage of Dream Finders Homes with a rating of Sector Perform and set a new price target of $22.00
BofA Securities initiated coverage of Dream Finders Homes with a rating of Underperform and set a new price target of $17.00
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U.S. stocks were mostly higher, with the Dow Jones index gaining around 550 points on Tuesday. Shares of UnitedHealth Group Incorporated (NYSE:UNH) rose sharply during Tuesday's session following a second-quarter earnings beat. The company reported adjusted EPS of $6.80, up from $6.14 a year ago, beating the consensus of $6.66, according to data from Benzinga Pro. UnitedHealth’s revenues increased nearly $6 billion (+6.4% Y/Y) to $98.86 billion, beating the consensus of $98.34 billion, led by expansion in people served domestically at Optum and UnitedHealthcare. UnitedHealth Group shares gained 5.7% to $544.96 on Tuesday. Here are some other big stocks recording gains in today’s
Gainers Stitch Fix (NASDAQ:SFIX) stock rose 20.2% to $3.21 during Wednesday's pre-market session. The market value of their outstanding shares is at $385.7 million. As per the news, the Q3 earnings report came out yesterday. Hanesbrands (NYSE:HBI) stock rose 10.69% to $5.59. The company's market cap stands at $1.9 billion. Dream Finders Homes (NYSE:DFH) shares rose 9.36% to $28.97. The market value of their outstanding shares is at $2.7 billion. Lakeland Industries (NASDAQ:LAKE) stock increased by 7.74% to $20.31. The company's market cap stands at $149.8 million. As per the press release, Q1 earnings came out yesterday. Yoshiharu Global (NASDAQ:YOSH) stock moved upwards by 7.11% to $4.
Zelman & Assoc upgrades Dream Finders Homes (NYSE:DFH) from Neutral to Outperform and announces $34.5 price target.
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Second Quarter Homebuilding Revenues of $1.1 billion Net Income to DFH Up 18%, Basic EPS up 19% Return on Participating Equity of 33.5% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights (As Compared to Second Quarter 2023, unless otherwise noted) Homebuilding revenues increased 12% to $1.1 billion from $943 million Home closings increased 10% to 2,031 from 1,846 Net new orders increased 3% to 1,712 from 1,655 Average sales price of homes closed increased to $514,833 from $504,683 Homebuilding gross margin of 19.
First Quarter Homebuilding Revenues of $825 million Net New Orders Up 19%, Net Income to DFH Up 11% Return on Participating Equity of 34.9% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights (As Compared to First Quarter 2023, unless otherwise noted) Homebuilding revenues increased 8% to $825 million from $767 million Home closings increased 9% to 1,655 from 1,517 Net new orders increased 19% to 1,724 from 1,448 Average sales price of homes closed increased to $494,995 from $490,553 Homebuilding gross margin i
Company Record Homebuilding Revenues of $1.1 billion for Fourth Quarter and $3.7 billion for Full Year 2023 Net Income Up 18% for Fourth Quarter and 13% for Full Year 2023 Return on Participating Equity of 36.3% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights (As Compared to Fourth Quarter 2022) Homebuilding revenues increased $38 million or 3% to $1.1 billion Average sales price of homes closed increased 9% to $520,940 from $479,554 Homebuilding gross margin increased 340 basis points (bps) to 20.
Homebuilding Revenues Up 14%, Home Closings Up 17% Return on Participating Equity of 38.9% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights (As Compared to Third Quarter 2022, unless otherwise noted) Homebuilding revenues increased 14% to $894 million from $784 million Home closings increased 17% to 1,798 from 1,542 Net new orders increased 38% to 1,535 from 1,110 Gross margin as a percentage of homebuilding revenues increased 200 basis points to 20.6% from 18.6% Adjusted gross margin (non-GAAP) as a percentag
Homebuilding Revenues Up 19%, Home Closings Up 12% Return on Participating Equity of 42.2% Dream Finders Homes, Inc. (the "Company," "Dream Finders Homes," "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights (As Compared to Second Quarter 2022, unless otherwise noted) Homebuilding revenues increased 19% to $943 million from $791 million Home closings increased 12% to 1,846 from 1,649 Net new orders increased 16% to 1,655 from 1,426 Gross margin as a percentage of homebuilding revenues decreased 60 basis points to 19.1% from 19.7% Adjusted gross margin (non-GAAP) as a percentage o
Homebuilding Revenues Up 16%, Home Closings Up 11% Return on Participating Equity Improved 510 bps to 46.0% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights (As Compared to First Quarter 2022, unless otherwise noted) Homebuilding revenues increased 16% to $767 million from $662 million Home closings increased 11% to 1,517 from 1,371 Gross margin as a percentage of homebuilding revenues decreased 170 basis points to 17.0% from 18.7% Pre-tax income increased 10% to $69 million, compared to $63 million Net income
Company Record Homebuilding Revenues of $1.1 billion for Fourth Quarter and $3.3 billion for Full Year 2022 Net Income Up 117% For Full Year 2022 Return on Participating Equity of 49.1% Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE:DFH) announced its financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights (As Compared to Fourth Quarter 2021) Homebuilding revenues increased 29% to $1.1 billion, a Company record, compared to $850 million Gross margin as a percentage of homebuilding revenues increased 90 basis points (bps) to 17.1% from 16.2% Pre-tax income increased 61% to $12
Added a record 23,000 customers in the third quarter, a 63% increase YoYAccelerated revenue growth 67% YoY Reported Net Income attributable to stockholders of $139M, Adjusted EBITDA of $33M which more than doubled Q2 resultsAnnounced collaboration with General Motors to develop home energy system; General Motors named SunPower as exclusive solar providerRICHMOND, Calif., Nov. 8, 2022 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced financial results for the third quarter, ending October 2, 2022. "In the thir
Added a record 19,700 customers in the second quarter, a 51% increase YoY Accelerated revenue growth to 63% YoY Achieved backlog of 53,000 retrofit and new homes customers Delivered strong gross margin: 20% GAAP, 21% non-GAAPAnnounced strategic relationship with IKEA U.S. to reach new customers and simplify the solar buying experience SAN JOSE, Calif., Aug. 2, 2022 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced financial results for the second quarter, ending July 3, 2022. "There is a ubiquitous need for r
JACKSONVILLE, Fla., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Dream Finders Homes, Inc. (NASDAQ:DFH) announced today it has acquired the homebuilding, mortgage banking and title insurance assets of privately held Texas homebuilder McGuyer Homebuilders, Inc. and related affiliates (collectively "MHI"), for $471 million in cash at closing, subject to post-closing adjustments. The acquisition will significantly increase DFH's geographic operations in the Austin metro area, and will allow DFH to expand into the attractive Texas markets of Houston, Dallas and San Antonio. Assets acquired include 1,850 home sites, a backlog of 1,845 homes with a value in excess of $1 billion and 5,500 lots under contro