Gamco Investors INC. ET AL Makes New Investment in Millrose Properties, Inc. $MRP

Key Points

• Gamco Investors INC. ET AL acquired 264,451 shares of Millrose Properties, Inc., worth about $7,011,000, representing 0.16% ownership by the end of the last quarter.
• Goldman Sachs upgraded Millrose Properties' price target from $28.00 to $31.50, maintaining a "buy" rating with an average consensus target of $30.75.
• Millrose Properties announced a quarterly dividend of $0.69, which translates to an annual yield of 7.8% based on its recent stock performance.

Gamco Investors INC. ET AL bought a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 264,451 shares of the company's stock, valued at approximately $7,011,000. Gamco Investors INC. ET AL owned 0.16% of Millrose Properties as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co acquired a new position in shares of Millrose Properties during the 1st quarter worth $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Millrose Properties during the 1st quarter worth about $27,000. Summit Securities Group LLC purchased a new stake in Millrose Properties during the 1st quarter worth about $28,000. William B. Walkup & Associates Inc. acquired a new position in shares of Millrose Properties during the 1st quarter valued at about $29,000. Finally, Allworth Financial LP acquired a new position in shares of Millrose Properties during the 1st quarter valued at about $33,000.

Millrose Properties Stock Down 0.4%

NYSE MRP traded down $0.15 on Monday, reaching $35.35. The company had a trading volume of 1,414,198 shares, compared to its average volume of 1,043,933. The firm's 50-day moving average is $30.87. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $36.00. 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 (NYSE:MRP - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $149.00 million during the quarter.

Millrose Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 7.8%.

Analyst Ratings Changes

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

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.