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

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

Green Brick Partners Stock Performance

GRBK opened at $62.37 on Tuesday. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 8.31 and a beta of 1.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners has a 1-year low of $56.85 and a 1-year high of $80.97. The business has a 50 day moving average price of $66.05 and a two-hundred day moving average price of $67.80.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 earnings per share. Research analysts predict that Green Brick Partners will post 8.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Green Brick Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. Raiffeisen Bank International AG acquired a new stake in shares of Green Brick Partners during the 3rd quarter valued at $1,942,000. JPMorgan Chase & Co. grew its position in shares of Green Brick Partners by 17.4% in the third quarter. JPMorgan Chase & Co. now owns 232,290 shares of the financial services provider’s stock valued at $17,157,000 after purchasing an additional 34,433 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Green Brick Partners by 15.2% in the third quarter. Public Sector Pension Investment Board now owns 118,971 shares of the financial services provider’s stock valued at $8,787,000 after purchasing an additional 15,667 shares during the last quarter. Ranger Investment Management L.P. grew its position in shares of Green Brick Partners by 101.0% in the third quarter. Ranger Investment Management L.P. now owns 117,030 shares of the financial services provider’s stock valued at $8,644,000 after purchasing an additional 58,815 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Green Brick Partners in the third quarter valued at about $2,975,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

About Green Brick Partners

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.