Green Brick Partners, Inc. (GRBK) Upgraded to B at TheStreet
Green Brick Partners, Inc. (NASDAQ:GRBK) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Thursday.
Separately, BidaskClub downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, July 16th.
Green Brick Partners (NASDAQ:GRBK) opened at 9.70 on Thursday. Green Brick Partners has a 12 month low of $7.37 and a 12 month high of $12.10. The stock has a 50 day moving average of $11.10 and a 200 day moving average of $10.34. The company has a market capitalization of $476.34 million, a price-to-earnings ratio of 17.08 and a beta of 1.84.
Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.09. The company had revenue of $104.95 million for the quarter, compared to the consensus estimate of $115.23 million. Green Brick Partners had a net margin of 6.69% and a return on equity of 11.30%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Equities analysts anticipate that Green Brick Partners will post $0.66 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of GRBK. Punch & Associates Investment Management Inc. increased its position in shares of Green Brick Partners by 152.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 1,187,549 shares of the financial services provider’s stock worth $9,809,000 after buying an additional 717,549 shares during the period. Ariel Investments LLC increased its position in shares of Green Brick Partners by 26.8% in the first quarter. Ariel Investments LLC now owns 500,200 shares of the financial services provider’s stock worth $4,977,000 after buying an additional 105,600 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Green Brick Partners by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 721,359 shares of the financial services provider’s stock worth $7,250,000 after buying an additional 55,597 shares during the period. State Street Corp increased its position in shares of Green Brick Partners by 13.4% in the second quarter. State Street Corp now owns 352,441 shares of the financial services provider’s stock worth $4,035,000 after buying an additional 41,606 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Green Brick Partners during the third quarter worth $339,000. 82.61% of the stock is currently owned by institutional investors.
About Green Brick Partners
Green Brick Partners, Inc operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots.
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