Ancora Advisors LLC Takes $3.36 Million Position in Millrose Properties, Inc. $MRP

Key Points

• Ancora Advisors LLC acquired 126,714 shares of Millrose Properties, Inc. for approximately $3,359,000, representing a 0.08% ownership stake as of the latest SEC filing.
• Millrose Properties reported a quarterly EPS of $0.68 with revenue of $149 million, and recently declared a quarterly dividend of $0.69 per share, yielding 8.0%.
• Goldman Sachs raised the price target of Millrose Properties from $28.00 to $31.50, reflecting a consensus "Buy" rating with an average price target of $30.75.

Ancora Advisors LLC acquired a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 126,714 shares of the company's stock, valued at approximately $3,359,000. Ancora Advisors LLC owned approximately 0.08% of Millrose Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. 683 Capital Management LLC acquired a new stake in Millrose Properties during the first quarter valued at approximately $9,411,000. HBK Investments L P acquired a new stake in Millrose Properties during the first quarter valued at approximately $10,604,000. Brave Warrior Advisors LLC acquired a new stake in Millrose Properties during the first quarter valued at approximately $210,988,000. Royal Bank of Canada acquired a new stake in Millrose Properties during the first quarter valued at approximately $1,508,000. Finally, Alpine Global Management LLC acquired a new stake in Millrose Properties during the first quarter valued at approximately $809,000.

Millrose Properties Stock Up 0.2%

Shares of NYSE:MRP traded up $0.08 during mid-day trading on Tuesday, hitting $34.36. The stock had a trading volume of 266,880 shares, compared to its average volume of 1,945,897. 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 12-month low of $19.00 and a 12-month high of $36.00. The company's 50 day moving average is $31.60 and its 200-day moving average is $27.67.

Millrose Properties (NYSE:MRP - Get Free Report) last issued 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 8.0%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group increased their target price on shares of Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $30.75.

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.