In a report released today, Aaron Hecht from JMP Securities maintained a Buy rating on Green Brick Partners (GRBK – Research Report), with a price target of $30.00. The company’s shares closed last Wednesday at $22.65.
According to TipRanks.com, Hecht is a 4-star analyst with an average return of 6.3% and a 50.7% success rate. Hecht covers the Financial sector, focusing on stocks such as Chicago Atlantic Real Estate ate Finance Inc, Innovative Industrial Properties, and Plymouth Industrial Reit.
Currently, the analyst consensus on Green Brick Partners is a Moderate Buy with an average price target of $26.38.
The company has a one-year high of $32.25 and a one-year low of $18.75. Currently, Green Brick Partners has an average volume of 545.8K.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GRBK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Green Brick Partners, Inc. engages in residential land development and homebuilding. It operates through the Builder Operations and Land Development segments. The Builder Operations segment consists of the Builder operations Southeast and Builder operations Central segments. It offers customization options and builds energy-efficient homes located in the metropolitan areas of Dallas, Texas, and Atlanta, Georgia. The Land Development segment sells finished lots or option lots from third-party developers to their controlled builders for homebuilding operations and provide them with construction financing and strategic planning. The company was founded by James R. Brickman on April 11, 2006 and is headquartered in Plano, TX.
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