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

Green Brick Partners Inc (NASDAQ:GRBK) has earned 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 rating. Green Brick Partners’ rating score has improved by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 12-month consensus target price of $11.00 for the company, according to Zacks. Zacks has also assigned Green Brick Partners an industry rank of 181 out of 255 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on the company. BidaskClub cut Green Brick Partners from a “buy” rating to a “hold” rating in a report on Friday. Credit Suisse Group assumed 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 upgraded Green Brick Partners from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $12.00 in a report on Thursday, August 9th.

Several hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of Green Brick Partners by 4.5% in the 2nd quarter. Northern Trust Corp now owns 239,614 shares of the financial services provider’s stock worth $2,348,000 after buying an additional 10,263 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Green Brick Partners by 8.0% in the 2nd quarter. California Public Employees Retirement System now owns 75,147 shares of the financial services provider’s stock worth $736,000 after buying an additional 5,562 shares during the period. Putnam Investments LLC purchased a new stake in shares of Green Brick Partners in the 2nd quarter worth $2,404,000. Millennium Management LLC purchased a new stake in shares of Green Brick Partners in the 2nd quarter worth $2,762,000. Finally, Zebra Capital Management LLC lifted its holdings in shares of Green Brick Partners by 34.1% in the 2nd quarter. Zebra Capital Management LLC now owns 20,886 shares of the financial services provider’s stock worth $205,000 after buying an additional 5,307 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

GRBK traded down $0.39 during trading hours on Friday, reaching $9.55. 95,700 shares of the company’s stock traded hands, compared to its average volume of 133,337. Green Brick Partners has a 52-week low of $8.93 and a 52-week high of $12.50. The stock has a market cap of $513.28 million, a P/E ratio of 8.43 and a beta of 1.54.

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

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.

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