Green Brick Partners (NASDAQ:GRBK) Lifted to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Green Brick Partners (NASDAQ:GRBKGet Rating) from an underweight rating to a neutral rating in a research report report published on Tuesday, The Fly reports. They currently have $26.50 price objective on the financial services provider’s stock, up from their prior price objective of $19.50.

Several other equities research analysts also recently issued reports on the stock. B. Riley cut their price objective on shares of Green Brick Partners from $27.00 to $23.00 and set a neutral rating for the company in a research report on Tuesday, October 18th. JMP Securities cut Green Brick Partners from an outperform rating to a market perform rating in a research report on Friday, August 19th. Wedbush cut shares of Green Brick Partners from an outperform rating to a neutral rating and set a $26.00 target price for the company. in a research report on Monday, August 8th. Finally, StockNews.com initiated coverage on shares of Green Brick Partners in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $25.17.

Green Brick Partners Trading Up 0.5 %

Shares of Green Brick Partners stock opened at $24.43 on Tuesday. Green Brick Partners has a 1 year low of $16.80 and a 1 year high of $32.25. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 4.01 and a beta of 1.56. The business has a fifty day simple moving average of $22.33 and a two-hundred day simple moving average of $23.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.10 and a quick ratio of 0.55.

Institutional Trading of Green Brick Partners

Large investors have recently modified their holdings of the stock. Independent Advisor Alliance lifted its position in Green Brick Partners by 3.4% during the first quarter. Independent Advisor Alliance now owns 55,304 shares of the financial services provider’s stock worth $1,093,000 after purchasing an additional 1,800 shares during the period. Great Lakes Advisors LLC lifted its holdings in shares of Green Brick Partners by 29.4% during the 1st quarter. Great Lakes Advisors LLC now owns 59,155 shares of the financial services provider’s stock worth $1,169,000 after acquiring an additional 13,434 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Green Brick Partners by 26.3% during the 1st quarter. Qube Research & Technologies Ltd now owns 15,612 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 3,250 shares in the last quarter. Swiss National Bank increased its stake in Green Brick Partners by 7.6% in the first quarter. Swiss National Bank now owns 78,100 shares of the financial services provider’s stock valued at $1,543,000 after acquiring an additional 5,500 shares during the last quarter. Finally, TBH Global Asset Management LLC acquired a new position in Green Brick Partners during the first quarter valued at approximately $654,000. 68.27% of the stock is owned by institutional investors and hedge funds.

About Green Brick Partners

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Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities.

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