Aberdeen Group plc Makes New $539,000 Investment in Millrose Properties, Inc. $MRP

Key Points

• Aberdeen Group plc has acquired a new position in Millrose Properties, Inc. by purchasing 20,345 shares valued at approximately $539,000, as disclosed in its latest SEC filing.
• Millrose Properties has announced a quarterly dividend of $0.69 per share, translating to an annualized dividend of $2.76 and a dividend yield of 8.0%.
• Goldman Sachs Group raised its price target on Millrose Properties shares from $28.00 to $31.50, reflecting a positive outlook with a "buy" rating from two analysts.

Aberdeen Group plc bought a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,345 shares of the company's stock, valued at approximately $539,000.

Other large investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new position in Millrose Properties in the first quarter worth about $29,000. Russell Investments Group Ltd. purchased a new position in Millrose Properties in the first quarter worth about $4,569,000. Resona Asset Management Co. Ltd. purchased a new position in Millrose Properties in the first quarter worth about $1,387,000. HighTower Advisors LLC purchased a new position in Millrose Properties in the first quarter worth about $283,000. Finally, Public Sector Pension Investment Board purchased a new position in Millrose Properties in the first quarter worth about $10,110,000.

Millrose Properties Stock Up 1.5%

Millrose Properties stock traded up $0.52 during mid-day trading on Thursday, reaching $35.91. 134,799 shares of the company were exchanged, compared to its average volume of 1,972,987. The firm's fifty day moving average is $30.59. 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 $35.92.

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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.7%.

Analyst Ratings Changes

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

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.