12,851 Shares in Millrose Properties, Inc. $MRP Purchased by Rockbridge Capital Management LLC

Key Points

• Rockbridge Capital Management LLC acquired 12,851 shares of Millrose Properties, Inc. for about $366,000, making it the 22nd largest holding in their portfolio.
• Wall Street analysts have given Millrose Properties an average rating of "Moderate Buy" with a price target of $35.38, following recent ratings from several firms.
• The company recently increased its quarterly dividend to $0.73 per share, representing a 9.1% dividend yield, up from the previous dividend of $0.69.

Rockbridge Capital Management LLC acquired a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 12,851 shares of the company's stock, valued at approximately $366,000. Millrose Properties makes up about 0.2% of Rockbridge Capital Management LLC's holdings, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in MRP. Yousif Capital Management LLC purchased a new stake in shares of Millrose Properties in the 1st quarter worth about $1,190,000. GAMMA Investing LLC purchased a new stake in shares of Millrose Properties in the 1st quarter worth about $67,000. Fifth Third Bancorp purchased a new stake in shares of Millrose Properties in the 1st quarter worth about $114,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Millrose Properties in the 1st quarter worth about $3,223,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of Millrose Properties in the 1st quarter worth about $1,348,000.

Wall Street Analyst Weigh In

MRP has been the topic of several recent research reports. 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 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 started 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 report on Wednesday, October 8th. They issued a "market outperform" rating and a $40.00 target price on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.38.

Millrose Properties Stock Up 1.8%

NYSE:MRP opened at $32.09 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. The company's 50-day moving average is $33.48 and its two-hundred day moving average is $29.49. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $36.00.

Millrose Properties (NYSE:MRP - Get Free Report) 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 was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 9.1%. The ex-dividend date was Friday, October 3rd. This is an increase from Millrose Properties's previous quarterly dividend of $0.69.

Millrose Properties 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.

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