Dream Finders Homes, Inc. (NASDAQ:DFH) completed the acquisition of the assets of privately held (MHI) for $471 million in cash on Oct 5. The company gains three new markets (DFW, Houston, and San Antonio) as a result of this transaction and is reloaded in Austin where it has existing operations.
Given the above, analysts at Wedbush view this as a unique opportunity that should be beneficial to the company over the long term. The analysts believe Texas is still experiencing covid migration as well as corporations expanding to or transferring their operations to the Lone Star state which should provide a consistent source of demand for new housing.
Symbol | Price | %chg |
---|---|---|
1928.T | 3355 | 1.04 |
1911.T | 1623 | 5.39 |
1808.T | 2451 | 0.69 |
3291.T | 2279.5 | 2.13 |