Millrose Properties (NYSE:MRP) Research Coverage Started at Citizens Jmp

Citizens Jmp began coverage on shares of Millrose Properties (NYSE:MRP) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm issued a mkt outperform rating and a $40.00 price target on the stock.

A number of other equities research analysts have also recently commented on MRP. Citigroup assumed coverage on Millrose Properties in a report on Wednesday. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research note on Saturday, September 27th. Finally, JMP Securities assumed coverage on Millrose Properties in a research note on Wednesday. They issued a “market outperform” rating and a $40.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Millrose Properties Trading Down 3.6%

NYSE MRP opened at $31.21 on Wednesday. Millrose Properties has a 52 week low of $19.00 and a 52 week high of $36.00. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $33.45 and its 200-day moving average price is $29.38.

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

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 9.4%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, October 3rd.

Institutional Trading of Millrose Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Peak Financial Advisors LLC boosted its stake in Millrose Properties by 6.7% during the third quarter. Peak Financial Advisors LLC now owns 12,248 shares of the company’s stock worth $412,000 after buying an additional 771 shares during the period. Grove Bank & Trust raised its stake in shares of Millrose Properties by 152.2% in the third quarter. Grove Bank & Trust now owns 5,394 shares of the company’s stock valued at $181,000 after acquiring an additional 3,255 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Millrose Properties by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 5,670 shares of the company’s stock worth $191,000 after acquiring an additional 930 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Millrose Properties by 94.6% during the 2nd quarter. Corient Private Wealth LLC now owns 43,614 shares of the company’s stock worth $1,243,000 after purchasing an additional 21,200 shares during the period. Finally, Texas Permanent School Fund Corp bought a new position in Millrose Properties during the 2nd quarter valued at about $757,000.

Millrose Properties Company 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.