Bluegreen Vacations (NYSE:BVH) Given New $45.00 Price Target at Truist Financial

Bluegreen Vacations (NYSE:BVHGet Rating) had its price target decreased by Truist Financial from $46.00 to $45.00 in a report published on Tuesday, The Fly reports. Truist Financial currently has a buy rating on the stock.

BVH has been the topic of a number of other research reports. B. Riley reiterated a buy rating on shares of Bluegreen Vacations in a research note on Monday, July 25th. TheStreet upgraded Bluegreen Vacations from a d+ rating to a c- rating in a research note on Wednesday, August 3rd.

Bluegreen Vacations Stock Up 1.1 %

Shares of BVH opened at $21.25 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $18.48 and a 200 day moving average of $22.72. Bluegreen Vacations has a 52-week low of $16.24 and a 52-week high of $36.10. The company has a market cap of $420.20 million, a PE ratio of 6.16 and a beta of 1.72.

Bluegreen Vacations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 21st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.82%. Bluegreen Vacations’s dividend payout ratio is currently 17.39%.

Hedge Funds Weigh In On Bluegreen Vacations

Several institutional investors have recently made changes to their positions in the company. AdvisorShares Investments LLC increased its stake in shares of Bluegreen Vacations by 2.6% during the second quarter. AdvisorShares Investments LLC now owns 19,118 shares of the company’s stock valued at $477,000 after buying an additional 486 shares during the period. Strs Ohio increased its stake in shares of Bluegreen Vacations by 5.8% during the second quarter. Strs Ohio now owns 14,700 shares of the company’s stock valued at $366,000 after buying an additional 800 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Bluegreen Vacations by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 37,019 shares of the company’s stock valued at $1,095,000 after buying an additional 993 shares during the period. Engineers Gate Manager LP increased its stake in shares of Bluegreen Vacations by 10.2% during the third quarter. Engineers Gate Manager LP now owns 12,335 shares of the company’s stock valued at $204,000 after buying an additional 1,139 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Bluegreen Vacations during the second quarter valued at $29,000. Hedge funds and other institutional investors own 40.99% of the company’s stock.

About Bluegreen Vacations

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Bluegreen Vacations Holding Corporation operates as a vacation ownership company. It markets and sells vacation ownership interests (VOI); and manages resorts in leisure and urban destinations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, and others. The company also provides resort management, mortgage, title, reservation, and construction design and development services; and financing to qualified VOI purchasers, as well as management services to the vacation club and homeowners' associations.

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