Truist Financial Increases Bluegreen Vacations (NYSE:BVH) Price Target to $51.00

Bluegreen Vacations (NYSE:BVH – Get Rating) had its price objective hoisted by Truist Financial from $45.00 to $51.00 in a research note published on Tuesday, The Fly reports.

Separately, TheStreet downgraded Bluegreen Vacations from a c- rating to a d+ rating in a report on Wednesday, February 1st.

Bluegreen Vacations Trading Down 5.8 %

NYSE BVH opened at $23.99 on Tuesday. The stock has a 50-day simple moving average of $30.82 and a 200 day simple moving average of $24.05. The company has a market capitalization of $474.38 million, a PE ratio of 7.43 and a beta of 1.70. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Bluegreen Vacations has a 12 month low of $16.24 and a 12 month high of $34.58.

Bluegreen Vacations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, March 6th will be issued a $0.20 dividend. This is an increase from Bluegreen Vacations’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, March 3rd. Bluegreen Vacations’s dividend payout ratio is 24.77%.

Institutional Investors Weigh In On Bluegreen Vacations

Several large investors have recently modified their holdings of the business. Putnam Investments LLC bought a new stake in shares of Bluegreen Vacations in the fourth quarter worth about $247,000. Miller Value Partners LLC acquired a new position in shares of Bluegreen Vacations during the fourth quarter worth about $250,000. Smith Moore & CO. boosted its position in shares of Bluegreen Vacations by 5.3% during the fourth quarter. Smith Moore & CO. now owns 47,342 shares of the company’s stock worth $1,182,000 after buying an additional 2,370 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Bluegreen Vacations by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 43,018 shares of the company’s stock worth $1,074,000 after buying an additional 862 shares during the period. Finally, Barclays PLC boosted its position in shares of Bluegreen Vacations by 123.8% during the fourth quarter. Barclays PLC now owns 3,335 shares of the company’s stock worth $83,000 after buying an additional 1,845 shares during the period. 34.63% of the stock is currently owned by institutional investors.

Bluegreen Vacations Company Profile

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Bluegreen Vacations Holding Corp. is a holding company, which engages in the real estate, real estate joint ventures, and middle market operating businesses. It operates through the following segments: Bluegreen, BBX Capital Real Estate, Renin, and BBX Sweet Holdings. The Bluegreen segment markets, sells, and manages real estate-based vacation ownership interests in resorts located in popular, high-volume, and drive-to vacation destinations.