Millrose Properties, Inc. $MRP Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its stake in Millrose Properties, Inc. (NYSE:MRP) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 172,990 shares of the company’s stock after selling 1,608 shares during the period. Asset Management One Co. Ltd.’s holdings in Millrose Properties were worth $4,932,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. 683 Capital Management LLC bought a new position in Millrose Properties in the first quarter worth about $9,411,000. Bessemer Group Inc. bought a new position in Millrose Properties in the first quarter worth about $81,000. Blair William & Co. IL bought a new position in Millrose Properties in the first quarter worth about $351,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Millrose Properties in the first quarter worth about $659,000. Finally, Pacific Heights Asset Management LLC bought a new position in Millrose Properties in the first quarter worth about $8,748,000.

Millrose Properties Price Performance

Shares of NYSE:MRP opened at $32.70 on Wednesday. The firm’s 50 day moving average is $33.65 and its two-hundred day moving average is $30.10. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $36.00. The firm has a market capitalization of $5.43 billion and a P/E ratio of 30.56. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.68 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 was paid on Wednesday, October 15th. Investors of record on Friday, October 3rd were paid a dividend of $0.73 per share. This is a boost from Millrose Properties’s previous quarterly dividend of $0.69. This represents a $2.92 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date was Friday, October 3rd. Millrose Properties’s dividend payout ratio (DPR) is 272.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a report on Wednesday, October 8th. Citizens Jmp assumed coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They issued a “mkt outperform” rating and a $40.00 target price on the stock. Citigroup initiated coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They issued an “outperform” rating on the stock. Finally, JMP Securities started coverage on shares of Millrose Properties in a research note on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.38.

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.