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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new position in shares of Millrose Properties during the 1st quarter worth approximately $488,156,000. Brave Warrior Advisors LLC purchased a new position in shares of Millrose Properties during the 1st quarter worth approximately $210,988,000. Greenhaven Associates Inc. purchased a new position in shares of Millrose Properties during the 1st quarter worth approximately $209,111,000. The Manufacturers Life Insurance Company purchased a new position in shares of Millrose Properties during the 1st quarter worth approximately $84,773,000. Finally, Wellington Management Group LLP purchased a new position in shares of Millrose Properties during the 1st quarter worth approximately $75,729,000.

Millrose Properties Trading Down 0.6%

MRP stock opened at $34.63 on Friday. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.00. The business's 50 day moving average price is $32.12 and its two-hundred day moving average price is $27.93. 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 posted its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The firm had revenue of $149.00 million for the quarter.

Millrose Properties Dividend Announcement

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

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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