Berkshire Asset Management LLC PA Buys Shares of 21,130 Millrose Properties, Inc. $MRP

Key Points

• Berkshire Asset Management acquired 21,130 shares of Millrose Properties, Inc. (NYSE: MRP) valued at approximately $550,000 in the first quarter.
• Millrose Properties recently announced a quarterly dividend of $0.69, reflecting an annualized dividend yield of 8.5%.
• The Goldman Sachs Group raised their price target for Millrose Properties from $28.00 to $31.50, maintaining a buy rating on the stock.

Berkshire Asset Management LLC PA bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,130 shares of the company's stock, valued at approximately $550,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CENTRAL TRUST Co bought a new stake in shares of Millrose Properties during the 1st quarter worth $27,000. Summit Securities Group LLC acquired a new position in shares of Millrose Properties during the first quarter worth $28,000. William B. Walkup & Associates Inc. acquired a new position in shares of Millrose Properties during the first quarter worth $29,000. Assetmark Inc. acquired a new position in shares of Millrose Properties during the first quarter worth $34,000. Finally, Allworth Financial LP acquired a new position in shares of Millrose Properties during the first quarter worth $33,000.

Millrose Properties Trading Down 0.3%

NYSE:MRP traded down $0.10 during trading hours on Monday, reaching $34.20. The company had a trading volume of 191,350 shares, compared to its average volume of 1,999,778. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $30.15. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $34.56.

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 (EPS) for the quarter. The company 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 issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.1%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price objective on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.