Millrose Properties (NYSE:MRP) Research Coverage Started at JMP Securities

JMP Securities assumed coverage on shares of Millrose Properties (NYSE:MRP) in a report issued on Wednesday,Benzinga reports. The firm issued a market outperform rating and a $40.00 price objective on the stock.

Several other equities analysts have also weighed in on MRP. Citigroup assumed coverage on shares of Millrose Properties in a research report on Wednesday. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a report on Saturday, September 27th. 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.com, Millrose Properties has a consensus rating of “Moderate Buy” and an average target price of $35.38.

Millrose Properties Trading Down 3.6%

NYSE MRP opened at $31.21 on Wednesday. Millrose Properties has a 1 year low of $19.00 and a 1 year high of $36.00. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $33.45 and a 200-day moving average price of $29.38.

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

Millrose Properties Increases Dividend

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

Hedge Funds Weigh In On Millrose Properties

A number of large investors have recently modified their holdings of MRP. GAMMA Investing LLC bought a new stake in Millrose Properties during the 1st quarter worth approximately $1,784,000. Rhumbline Advisers bought a new stake in Millrose Properties during the first quarter valued at $7,441,000. Pallas Capital Advisors LLC bought a new stake in Millrose Properties during the first quarter valued at $377,000. Yousif Capital Management LLC bought a new position in Millrose Properties in the 1st quarter worth about $1,190,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Millrose Properties during the 1st quarter valued at about $1,433,000.

About Millrose Properties

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.