Advisors Capital Management LLC Invests $635,000 in Millrose Properties, Inc. $MRP

Key Points

• Advisors Capital Management LLC purchased 23,958 shares of Millrose Properties, Inc. valued at approximately $635,000, indicating growing institutional interest in the company.
• Millrose Properties declared a $0.69 quarterly dividend, representing an annualized dividend of $2.76 and a dividend yield of 8.0%.
• The company's stock has recently traded at $34.63, with a 52-week high of $36.00 and a low of $19.00, highlighting significant price fluctuations in the past year.

Advisors Capital Management LLC bought a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,958 shares of the company's stock, valued at approximately $635,000.

Several other large investors also recently added to or reduced their stakes in MRP. CENTRAL TRUST Co purchased a new position in shares of Millrose Properties during the 1st quarter worth $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Millrose Properties during the 1st quarter worth $27,000. Summit Securities Group LLC purchased a new position in shares of Millrose Properties during the 1st quarter worth $28,000. William B. Walkup & Associates Inc. purchased a new position in shares of Millrose Properties during the 1st quarter worth $29,000. Finally, Assetmark Inc. purchased a new position in shares of Millrose Properties during the 1st quarter worth $34,000.

Millrose Properties Trading Up 1.4%

Shares of NYSE MRP traded up $0.48 during mid-day trading on Thursday, reaching $34.65. 230,683 shares of the company's stock were exchanged, compared to its average volume of 1,901,918. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $36.00. The company's 50-day moving average is $32.50 and its 200-day moving average is $28.18.

Millrose Properties (NYSE:MRP - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The business had revenue of $149.00 million for the quarter.

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.