Zacks: Analysts Set $11.00 Target Price for Green Brick Partners Inc (GRBK)

Shares of Green Brick Partners Inc (NASDAQ:GRBK) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. Green Brick Partners’ rating score has improved by 50% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus price objective of $11.00 for the company, according to Zacks. Zacks has also assigned Green Brick Partners an industry rank of 164 out of 255 based on the ratings given to related companies.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Green Brick Partners from a “hold” rating to a “buy” rating in a report on Saturday. Credit Suisse Group assumed coverage on shares of Green Brick Partners in a report on Friday, August 24th. They set a “neutral” rating and a $9.00 price objective for the company. Finally, Citigroup upgraded shares of Green Brick Partners from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $11.00 to $12.00 in a report on Thursday, August 9th.

Shares of NASDAQ GRBK traded down $0.09 during mid-day trading on Friday, reaching $10.14. 5,510 shares of the company’s stock traded hands, compared to its average volume of 133,266. The stock has a market capitalization of $512.27 million, a P/E ratio of 8.42 and a beta of 1.55. Green Brick Partners has a 1-year low of $8.93 and a 1-year high of $12.50.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Monday, August 6th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $155.01 million during the quarter. Green Brick Partners had a net margin of 5.09% and a return on equity of 13.67%.

Institutional investors have recently added to or reduced their stakes in the stock. Elgethun Capital Management purchased a new position in Green Brick Partners during the second quarter worth about $107,000. Cubist Systematic Strategies LLC purchased a new position in Green Brick Partners in the second quarter valued at about $114,000. Shikiar Asset Management Inc. purchased a new position in Green Brick Partners in the second quarter valued at about $120,000. MetLife Investment Advisors LLC purchased a new position in Green Brick Partners in the second quarter valued at about $129,000. Finally, Zebra Capital Management LLC boosted its stake in Green Brick Partners by 34.1% in the second quarter. Zebra Capital Management LLC now owns 20,886 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 5,307 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

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