Green Brick Partners (NASDAQ:GRBK) Earns “Neutral” Rating from Wedbush

Wedbush reiterated their neutral rating on shares of Green Brick Partners (NASDAQ:GRBK) in a report published on Friday,RTT News reports. The brokerage currently has a $70.00 target price on the financial services provider’s stock.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Trading Down 2.4 %

GRBK opened at $59.75 on Friday. The stock has a market capitalization of $2.66 billion, a PE ratio of 7.76 and a beta of 1.84. The firm’s fifty day moving average price is $58.65 and its 200 day moving average price is $68.85. 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 12-month low of $50.67 and a 12-month high of $84.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. State Street Corp lifted its position in shares of Green Brick Partners by 5.8% in the 3rd quarter. State Street Corp now owns 1,737,812 shares of the financial services provider’s stock worth $145,142,000 after buying an additional 94,834 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Green Brick Partners by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider’s stock worth $59,324,000 after buying an additional 59,098 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Green Brick Partners by 6.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider’s stock worth $31,932,000 after buying an additional 36,239 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Green Brick Partners by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider’s stock worth $22,462,000 after buying an additional 33,152 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Green Brick Partners by 6.1% in the 4th quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider’s stock valued at $19,526,000 after purchasing an additional 19,752 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.