Shares of Green Brick Partners Inc (NASDAQ:GRBK) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $11.00 for the company, according to Zacks. Zacks has also assigned Green Brick Partners an industry rank of 191 out of 257 based on the ratings given to related companies.
Several equities analysts recently issued reports on GRBK shares. BidaskClub cut Green Brick Partners from a “buy” rating to a “hold” rating in a report on Friday, October 19th. TheStreet cut Green Brick Partners from a “b” rating to a “c+” rating in a report on Wednesday, November 14th. Credit Suisse Group started coverage on 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 set a $11.00 price objective on Green Brick Partners and gave the stock a “buy” rating in a report on Thursday, November 8th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRBK. Shikiar Asset Management Inc. acquired a new position in shares of Green Brick Partners in the second quarter worth $120,000. Monarch Partners Asset Management LLC acquired a new position in shares of Green Brick Partners in the second quarter worth $778,000. Swiss National Bank raised its holdings in shares of Green Brick Partners by 42.9% in the second quarter. Swiss National Bank now owns 39,000 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 11,700 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Green Brick Partners by 8.4% in the second quarter. BlackRock Inc. now owns 1,427,562 shares of the financial services provider’s stock worth $13,991,000 after acquiring an additional 110,038 shares during the last quarter. Finally, Elgethun Capital Management acquired a new position in shares of Green Brick Partners in the second quarter worth $107,000. 75.33% of the stock is owned by institutional investors.
GRBK opened at $8.44 on Tuesday. The company has a market capitalization of $441.26 million, a PE ratio of 7.02 and a beta of 1.63. Green Brick Partners has a 12 month low of $8.20 and a 12 month high of $12.50.
Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The firm had revenue of $149.99 million for the quarter. Green Brick Partners had a return on equity of 14.02% and a net margin of 5.28%.
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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