Deutsche Bank AG Invests $2.65 Million in Green Brick Partners, Inc. $GRBK

Key Points

• Deutsche Bank acquired 33,158 shares of Green Brick Partners in the second quarter, valued at approximately $2.65 million and representing about 0.08% of the company.
• Institutional investors and hedge funds own 78.24% of Green Brick Partners, with Vanguard, Dimensional Fund Advisors and State Street among the company’s largest holders.
• Green Brick reported quarterly earnings of $1.70 per share, beating estimates of $1.39, although revenue declined 10.1% year over year. Analysts maintain a consensus “Hold” rating.

Deutsche Bank AG purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,158 shares of the financial services provider's stock, valued at approximately $2,654,000. Deutsche Bank AG owned approximately 0.08% of Green Brick Partners as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Green Brick Partners by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider's stock worth $137,599,000 after acquiring an additional 22,423 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Green Brick Partners by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider's stock valued at $113,529,000 after purchasing an additional 104,774 shares in the last quarter. State Street Corp lifted its holdings in Green Brick Partners by 3.0% during the 4th quarter. State Street Corp now owns 1,509,235 shares of the financial services provider's stock worth $94,569,000 after buying an additional 43,954 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Green Brick Partners by 0.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider's stock worth $36,351,000 after purchasing an additional 2,390 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Green Brick Partners by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 484,221 shares of the financial services provider's stock valued at $30,448,000 after buying an additional 30,244 shares in the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citizens Jmp reaffirmed a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Green Brick Partners Price Performance

Shares of Green Brick Partners stock opened at $72.77 on Friday. Green Brick Partners, Inc. has a twelve month low of $60.44 and a twelve month high of $83.18. The business's fifty day moving average price is $73.45 and its 200 day moving average price is $70.53. The stock has a market capitalization of $3.13 billion, a P/E ratio of 9.45 and a beta of 1.79. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period in the previous year, the company posted $1.85 earnings per share. The company's quarterly revenue was down 10.1% on a year-over-year basis. As a group, research analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Green Brick Partners Company Profile

Green Brick Partners, Inc NASDAQ: GRBK is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.

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