Zacks Investment Research Lowers Green Brick Partners (GRBK) to Sell

Green Brick Partners (NASDAQ:GRBK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Green Brick Partners, Inc. is involved in the land acquisition and development, entitlements, design, construction, marketing and sale of residential projects. It operates primarily in Dallas, Fort Worth, Texas, Atlanta and Georgia. Green Brick Partners, Inc., formerly known as BioFuel Energy Corp, is based in Plano, Texas. “

A number of other equities analysts also recently weighed in on GRBK. BidaskClub downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. Citigroup set a $11.00 target price on shares of Green Brick Partners and gave the company a “buy” rating in a research note on Thursday, November 8th. TheStreet downgraded shares of Green Brick Partners from a “b” rating to a “c+” rating in a research note on Wednesday, November 14th. JPMorgan Chase & Co. initiated coverage on shares of Green Brick Partners in a research note on Tuesday, December 11th. They set a “neutral” rating and a $9.00 target price for the company. Finally, Credit Suisse Group decreased their target price on shares of Green Brick Partners from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, December 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $9.83.

Shares of NASDAQ GRBK opened at $8.75 on Tuesday. Green Brick Partners has a fifty-two week low of $6.65 and a fifty-two week high of $12.50. The company has a market cap of $427.57 million, a price-to-earnings ratio of 12.68 and a beta of 1.95.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Green Brick Partners by 1.2% during the fourth quarter. BlackRock Inc. now owns 1,524,522 shares of the financial services provider’s stock valued at $11,037,000 after buying an additional 18,275 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Green Brick Partners by 14.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,318,372 shares of the financial services provider’s stock valued at $9,545,000 after buying an additional 167,526 shares during the last quarter. SCW Capital Management LP purchased a new stake in shares of Green Brick Partners during the fourth quarter valued at approximately $8,503,000. Vanguard Group Inc. grew its holdings in shares of Green Brick Partners by 16.0% during the third quarter. Vanguard Group Inc. now owns 1,153,381 shares of the financial services provider’s stock valued at $11,649,000 after buying an additional 158,863 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Green Brick Partners by 16.0% during the third quarter. Vanguard Group Inc now owns 1,153,381 shares of the financial services provider’s stock valued at $11,649,000 after buying an additional 158,863 shares during the last quarter. Hedge funds and other institutional investors own 77.15% of the company’s stock.

About Green Brick Partners

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.

Featured Article: What are retained earnings?

Get a free copy of the Zacks research report on Green Brick Partners (GRBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Green Brick Partners (NASDAQ:GRBK)

Receive News & Ratings for Green Brick Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Brick Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply