New York State Teachers Retirement System Sells 22,563 Shares of Millrose Properties, Inc. $MRP

New York State Teachers Retirement System reduced its position in shares of Millrose Properties, Inc. (NYSE:MRP) by 16.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 118,391 shares of the company’s stock after selling 22,563 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Millrose Properties worth $3,375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MRP. Northwestern Mutual Wealth Management Co. bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Millrose Properties by 144.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company’s stock valued at $28,000 after acquiring an additional 575 shares during the last quarter. William B. Walkup & Associates Inc. bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $29,000. Finally, First Financial Corp IN bought a new position in shares of Millrose Properties during the 2nd quarter valued at approximately $32,000.

Millrose Properties Stock Performance

NYSE:MRP opened at $32.86 on Tuesday. The stock’s fifty day moving average is $33.56 and its 200 day moving average is $29.69. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06.

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 company had revenue of $149.00 million for the quarter.

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were paid a $0.73 dividend. The ex-dividend date was Friday, October 3rd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.69. This represents a $2.92 dividend on an annualized basis and a yield of 8.9%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MRP. Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. Citizens Jmp started coverage on Millrose Properties in a report on Wednesday, October 8th. They set a “mkt outperform” rating and a $40.00 price target on the stock. JMP Securities started coverage on Millrose Properties in a report on Wednesday, October 8th. They set a “market outperform” rating and a $40.00 price target on the stock. Finally, Citigroup started coverage on Millrose Properties in a report on Wednesday, October 8th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.38.

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.