Green Brick Partners (NASDAQ:GRBK) Upgraded 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 note published on Tuesday morning, The Fly reports. JPMorgan Chase & Co. currently has $26.50 price target on the financial services provider’s stock, up from their previous price target of $19.50.

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

Green Brick Partners Stock Up 5.0 %

Green Brick Partners stock opened at $24.31 on Tuesday. The stock has a 50-day simple moving average of $22.25 and a 200-day simple moving average of $23.17. The company has a market capitalization of $1.12 billion, a P/E ratio of 3.99 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.55 and a current ratio of 6.10. Green Brick Partners has a fifty-two week low of $16.80 and a fifty-two week high of $32.25.

Institutional Investors Weigh In On Green Brick Partners

Several hedge funds have recently modified their holdings of GRBK. Paragon Wealth Strategies LLC purchased a new position in shares of Green Brick Partners during the third quarter valued at approximately $28,000. Wipfli Financial Advisors LLC acquired a new position in Green Brick Partners in the 3rd quarter valued at $42,000. KBC Group NV purchased a new position in shares of Green Brick Partners during the 3rd quarter worth $46,000. Lazard Asset Management LLC acquired a new stake in shares of Green Brick Partners during the first quarter worth $51,000. Finally, Covestor Ltd grew its position in shares of Green Brick Partners by 1,175.2% in the first quarter. Covestor Ltd now owns 2,882 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 2,656 shares during the period. 68.27% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Company Profile

(Get Rating)

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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