Green Brick Partners (GRBK) Given a $11.00 Price Target at Citigroup

Green Brick Partners (NASDAQ:GRBK) has been assigned a $11.00 price target by research analysts at Citigroup in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price would indicate a potential upside of 21.68% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group initiated coverage on Green Brick Partners in a research note on Friday, August 24th. They set a “neutral” rating and a $9.00 price target for the company. BidaskClub cut Green Brick Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 14th.

NASDAQ GRBK traded down $0.05 on Thursday, reaching $9.04. The stock had a trading volume of 1,956 shares, compared to its average volume of 158,553. Green Brick Partners has a 12-month low of $8.64 and a 12-month high of $12.50. The stock has a market cap of $471.70 million, a P/E ratio of 7.50 and a beta of 1.63.

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

Several institutional investors have recently added to or reduced their stakes in the company. Zebra Capital Management LLC raised its stake in shares of Green Brick Partners by 34.1% during the second quarter. Zebra Capital Management LLC now owns 20,886 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 5,307 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Green Brick Partners by 8.0% during the second quarter. California Public Employees Retirement System now owns 75,147 shares of the financial services provider’s stock worth $736,000 after purchasing an additional 5,562 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Green Brick Partners by 15.6% during the third quarter. Prudential Financial Inc. now owns 59,280 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 8,000 shares during the last quarter. Northern Trust Corp raised its stake in shares of Green Brick Partners by 4.5% during the second quarter. Northern Trust Corp now owns 239,614 shares of the financial services provider’s stock worth $2,348,000 after purchasing an additional 10,263 shares during the last quarter. Finally, Elgethun Capital Management purchased a new stake in shares of Green Brick Partners during the second quarter worth approximately $107,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

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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