KDT Advisors LLC Purchases Shares of 22,699 Millrose Properties, Inc. $MRP

Key Points

• KDT Advisors LLC has purchased a new position in Millrose Properties, Inc., acquiring 22,699 shares valued at approximately $602,000.
• The company recently announced a quarterly dividend of $0.69 per share, yielding 8.1% annually.
• Goldman Sachs has raised its target price on Millrose Properties to $31.50 with a "buy" rating, indicating positive sentiment from analysts.

KDT Advisors LLC bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,699 shares of the company's stock, valued at approximately $602,000.

Other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co acquired a new stake in Millrose Properties in the first quarter valued at $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Millrose Properties in the first quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in Millrose Properties in the first quarter valued at $28,000. William B. Walkup & Associates Inc. acquired a new stake in Millrose Properties in the first quarter valued at $29,000. Finally, Allworth Financial LP acquired a new stake in Millrose Properties in the first quarter valued at $33,000.

Analyst Upgrades and Downgrades

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

Millrose Properties Stock Up 0.4%

MRP stock traded up $0.13 during trading on Wednesday, hitting $35.13. 166,460 shares of the company's stock traded hands, compared to its average volume of 1,939,686. 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 52 week low of $19.00 and a 52 week high of $36.00. The stock has a fifty day moving average price of $31.73 and a two-hundred day moving average price of $27.72.

Millrose Properties (NYSE:MRP - Get Free Report) last released 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 for the quarter.

Millrose Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 7.9%.

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.