Mraz Amerine & Associates Inc. Sells 4,184 Shares of Millrose Properties, Inc. $MRP

Mraz Amerine & Associates Inc. lowered its holdings in Millrose Properties, Inc. (NYSE:MRP) by 28.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,457 shares of the company’s stock after selling 4,184 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Millrose Properties were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MRP. 683 Capital Management LLC purchased a new position in Millrose Properties in the 1st quarter valued at approximately $9,411,000. Yousif Capital Management LLC bought a new position in shares of Millrose Properties in the first quarter worth $1,190,000. Bessemer Group Inc. purchased a new position in shares of Millrose Properties in the first quarter valued at $81,000. Blair William & Co. IL purchased a new position in shares of Millrose Properties in the first quarter valued at $351,000. Finally, Pacific Heights Asset Management LLC bought a new stake in shares of Millrose Properties during the 1st quarter valued at $8,748,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Millrose Properties in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.75.

Millrose Properties Trading Down 0.9%

Millrose Properties stock opened at $31.89 on Tuesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.00. The firm’s fifty day moving average price is $33.31 and its 200-day moving average price is $29.26.

Millrose Properties (NYSE:MRP) last posted its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter. The business had revenue of $149.00 million for the quarter.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, October 3rd will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 9.2%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, October 3rd.

Millrose Properties Profile

Millrose Properties, Inc is a real estate investment and management company that focuses on acquiring, developing, and managing high-quality commercial properties. They are headquartered in Purchase, New York.