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. As of December 31,2021, the company owns or controls approximately 28,600 home sites in Dallas-Forth Worth, Atlanta metropolitan areas, and the Treasure Coast, Florida market. The company sells its homes through sales representatives and independent realtors. Green Brick Partners, Inc. was incorporated in 2006 and is headquartered in Plano, Texas.
Analysts Set New Price Targets
Several analysts recently commented on GRBK shares. B. Riley lifted their price objective on Green Brick Partners from $23.00 to $27.00 in a report on Friday, August 5th. Wedbush lowered Green Brick Partners from an "outperform" rating to a "neutral" rating and set a $26.00 price objective for the company. in a report on Monday, August 8th. Finally, JPMorgan Chase & Co. cut their price target on Green Brick Partners from $21.00 to $17.50 and set an "underweight" rating for the company in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Green Brick Partners has a consensus rating of "Hold" and an average target price of $23.50.
Green Brick Partners Stock Performance
NASDAQ:GRBK traded up $0.71 during mid-day trading on Friday, hitting $30.36. 318,318 shares of the company traded hands, compared to its average volume of 1,233,482. The stock's fifty day moving average price is $23.05 and its 200-day moving average price is $22.20. Green Brick Partners has a one year low of $16.80 and a one year high of $32.25. The company has a quick ratio of 0.61, a current ratio of 5.82 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 5.42 and a beta of 1.60.
Green Brick Partners (NASDAQ:GRBK - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.85. Green Brick Partners had a return on equity of 32.19% and a net margin of 16.04%. During the same quarter last year, the firm earned $1.02 earnings per share. Research analysts anticipate that Green Brick Partners will post 5.85 earnings per share for the current fiscal year.