Green Brick Partners (NASDAQ:GRBK) Given Market Perform Rating at Citizens Jmp

Green Brick Partners (NASDAQ:GRBK)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Citizens Jmp in a research report issued to clients and investors on Tuesday,Benzinga reports.

Green Brick Partners Stock Down 1.7%

NASDAQ:GRBK opened at $62.37 on Tuesday. The firm has a market capitalization of $2.69 billion, a PE ratio of 8.31 and a beta of 1.85. The stock has a 50 day moving average of $66.05 and a 200-day moving average of $67.80. Green Brick Partners has a 52 week low of $56.85 and a 52 week high of $80.97. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.19 by $0.20. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.Green Brick Partners’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. Analysts predict that Green Brick Partners will post 8.34 EPS for the current year.

Hedge Funds Weigh In On Green Brick Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raiffeisen Bank International AG bought a new position in Green Brick Partners in the 3rd quarter worth approximately $1,942,000. JPMorgan Chase & Co. grew its holdings in Green Brick Partners by 17.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 232,290 shares of the financial services provider’s stock worth $17,157,000 after buying an additional 34,433 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Green Brick Partners by 15.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 118,971 shares of the financial services provider’s stock worth $8,787,000 after buying an additional 15,667 shares in the last quarter. Ranger Investment Management L.P. grew its holdings in Green Brick Partners by 101.0% in the 3rd quarter. Ranger Investment Management L.P. now owns 117,030 shares of the financial services provider’s stock worth $8,644,000 after buying an additional 58,815 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Green Brick Partners in the 3rd quarter worth approximately $2,975,000. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.