BidaskClub Lowers Green Brick Partners (GRBK) to Sell

BidaskClub downgraded shares of Green Brick Partners (NASDAQ:GRBK) from a hold rating to a sell rating in a report released on Wednesday.

GRBK has been the subject of several other research reports. Citigroup raised Green Brick Partners from a neutral rating to a buy rating and upped their price objective for the company from $11.00 to $12.00 in a research note on Thursday, August 9th. Credit Suisse Group began coverage on shares of Green Brick Partners in a research report on Friday, August 24th. They set a neutral rating and a $9.00 target price for the company. Finally, TheStreet downgraded shares of Green Brick Partners from a b rating to a c+ rating in a research report on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $11.00.

Green Brick Partners stock opened at $7.99 on Wednesday. Green Brick Partners has a 1 year low of $7.87 and a 1 year high of $12.50. The company has a market capitalization of $406.77 million, a PE ratio of 6.47 and a beta of 1.82.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). Green Brick Partners had a net margin of 5.28% and a return on equity of 14.02%. The firm had revenue of $149.99 million during the quarter.

In other news, Director Elizabeth Blake bought 15,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average price of $8.86 per share, with a total value of $132,900.00. Following the transaction, the director now owns 138,366 shares of the company’s stock, valued at approximately $1,225,922.76. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 52.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Green Brick Partners during the 3rd quarter valued at approximately $1,174,000. Vanguard Group Inc. increased its position in Green Brick Partners by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,153,381 shares of the financial services provider’s stock valued at $11,649,000 after purchasing an additional 158,863 shares during the period. Morgan Stanley increased its position in Green Brick Partners by 285.7% during the 3rd quarter. Morgan Stanley now owns 299,293 shares of the financial services provider’s stock valued at $3,023,000 after purchasing an additional 221,686 shares during the period. Putnam Investments LLC increased its position in Green Brick Partners by 53.8% during the 3rd quarter. Putnam Investments LLC now owns 377,400 shares of the financial services provider’s stock valued at $3,812,000 after purchasing an additional 132,096 shares during the period. Finally, AWH Capital L.P. increased its position in Green Brick Partners by 1.8% during the 3rd quarter. AWH Capital L.P. now owns 828,624 shares of the financial services provider’s stock valued at $8,369,000 after purchasing an additional 15,000 shares during the period. 77.08% of the stock is owned by institutional investors and hedge funds.

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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