Ellsworth Advisors LLC Takes Position in Millrose Properties, Inc. $MRP

Key Points

• Ellsworth Advisors LLC acquired 7,882 shares of Millrose Properties, Inc. ($MRP) valued at approximately $209,000 during the first quarter.
• Millrose Properties recently declared a quarterly dividend of $0.69 per share, resulting in an annualized yield of 7.9%.
• The Goldman Sachs Group upgraded Millrose Properties' price target to $31.50, maintaining a "buy" rating for the stock.

Ellsworth Advisors LLC purchased a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,882 shares of the company's stock, valued at approximately $209,000.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in Millrose Properties in the first quarter valued at about $488,156,000. Brave Warrior Advisors LLC bought a new position in Millrose Properties in the first quarter valued at about $210,988,000. Greenhaven Associates Inc. bought a new position in Millrose Properties in the first quarter valued at about $209,111,000. The Manufacturers Life Insurance Company acquired a new position in Millrose Properties in the first quarter valued at about $84,773,000. Finally, Wellington Management Group LLP acquired a new position in Millrose Properties in the first quarter valued at about $75,729,000.

Millrose Properties Trading Down 0.6%

NYSE:MRP traded down $0.21 during mid-day trading on Friday, hitting $34.63. The company had a trading volume of 813,300 shares, compared to its average volume of 1,021,038. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.00. The business's fifty day moving average is $32.12 and its two-hundred day moving average is $27.97. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17.

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

Millrose Properties Announces Dividend

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

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.