Alpine Global Management LLC Acquires Shares of 30,520 Millrose Properties, Inc. $MRP

Key Points

• Alpine Global Management LLC has purchased a new position in Millrose Properties, Inc., acquiring 30,520 shares valued at approximately $809,000 during the first quarter.
• Millrose Properties announced a quarterly dividend of $0.69 per share, yielding 7.8% on an annualized basis, paid to shareholders of record on July 3rd.
• Goldman Sachs raised its target price for Millrose Properties from $28.00 to $31.50 and issued a "buy" rating, contributing to a consensus "buy" rating from analysts.

Alpine Global Management LLC purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,520 shares of the company's stock, valued at approximately $809,000.

Other large investors have also recently modified their holdings of the company. CENTRAL TRUST Co bought a new position in Millrose Properties during the first quarter worth $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Millrose Properties during the first quarter valued at about $27,000. Summit Securities Group LLC purchased a new position in Millrose Properties during the first quarter worth about $28,000. William B. Walkup & Associates Inc. purchased a new position in Millrose Properties during the first quarter worth about $29,000. Finally, Allworth Financial LP purchased a new position in Millrose Properties in the first quarter valued at about $33,000.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their price target on shares of Millrose Properties from $28.00 to $31.50 and gave the company 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.com, the stock has a consensus rating of "Buy" and a consensus price target of $30.75.

Millrose Properties Trading Down 0.9%

MRP traded down $0.30 during trading on Thursday, hitting $34.25. 1,008,966 shares of the stock traded hands, compared to its average volume of 1,969,326. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $31.26. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $36.00.

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

Millrose Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 8.1%.

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.