Green Brick Partners (GRBK) Lifted to “Buy” at BidaskClub

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Green Brick Partners (NASDAQ:GRBK) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities analysts also recently issued reports about the stock. Citigroup raised shares of Green Brick Partners from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $12.00 in a report on Thursday, August 9th. Credit Suisse Group initiated coverage on shares of Green Brick Partners in a report on Friday, August 24th. They issued a “neutral” rating and a $9.00 price target on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $11.33.

Shares of NASDAQ:GRBK opened at $10.10 on Friday. 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 fifty-two week low of $8.93 and a fifty-two week high of $12.50.

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

A number of institutional investors have recently made changes to their positions in the stock. Zebra Capital Management LLC raised its stake in 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 valued at $205,000 after acquiring an additional 5,307 shares during the period. California Public Employees Retirement System raised its stake in 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 valued at $736,000 after acquiring an additional 5,562 shares during the period. Northern Trust Corp raised its stake in 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 valued at $2,348,000 after acquiring an additional 10,263 shares during the period. Elgethun Capital Management bought a new stake in Green Brick Partners in the 2nd quarter valued at about $107,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Green Brick Partners in the 2nd quarter valued at about $114,000. Institutional investors and hedge funds own 76.26% 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.

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