Green Brick Partners (GRBK) PT Set at $11.00 by Citigroup

Green Brick Partners (NASDAQ:GRBK) received a $11.00 price objective from analysts at Citigroup in a research note issued on Thursday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective points to a potential upside of 24.86% from the company’s previous close.

A number of other research firms also recently issued reports on GRBK. BidaskClub downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. Credit Suisse Group started coverage on shares of Green Brick Partners in a research report on Friday, August 24th. They set a “neutral” rating and a $9.00 target price for the company.

Shares of GRBK stock traded down $0.34 during trading hours on Thursday, hitting $8.81. 150,036 shares of the company were exchanged, compared to its average volume of 164,310. The firm has a market cap of $461.04 million, a P/E ratio of 7.33 and a beta of 1.63. Green Brick Partners has a 1 year low of $8.64 and a 1 year high of $12.50.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The company had revenue of $149.99 million for the quarter. Green Brick Partners had a return on equity of 14.02% and a net margin of 5.28%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new stake in Green Brick Partners during the 2nd quarter worth approximately $114,000. Zebra Capital Management LLC grew its position in Green Brick Partners by 34.1% in the second 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 in the last quarter. Citadel Advisors LLC acquired a new stake in Green Brick Partners in the second quarter valued at approximately $6,500,000. Renaissance Technologies LLC acquired a new stake in Green Brick Partners in the second quarter valued at approximately $364,000. Finally, Putnam Investments LLC acquired a new stake in Green Brick Partners in the second quarter valued at approximately $2,404,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

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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