GM Advisory Group LLC Invests $296,000 in Millrose Properties, Inc. $MRP

Key Points

• GM Advisory Group LLC has invested $296,000 in Millrose Properties, acquiring 11,150 shares during the first quarter.
• Millrose Properties recently announced a quarterly dividend of $0.69 per share, translating to an annualized dividend yield of 8.5%.
• The investment firm Goldman Sachs increased their price target for Millrose Properties from $28.00 to $31.50 and issued a "buy" rating for the stock.

GM Advisory Group LLC bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,150 shares of the company's stock, valued at approximately $296,000.

A number of other institutional investors also recently bought and sold shares of MRP. CENTRAL TRUST Co bought a new stake in Millrose Properties during the 1st quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in shares of Millrose Properties in the 1st quarter worth approximately $28,000. William B. Walkup & Associates Inc. purchased a new position in shares of Millrose Properties in the 1st quarter valued at approximately $29,000. Assetmark Inc. bought a new stake in shares of Millrose Properties during the first quarter valued at approximately $34,000. Finally, Allworth Financial LP bought a new stake in shares of Millrose Properties during the first quarter valued at approximately $33,000.

Millrose Properties Stock Up 0.2%

Shares of NYSE MRP opened at $32.60 on Thursday. The firm's 50 day simple moving average is $29.89. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $32.79. 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 issued its quarterly 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.5%.

Wall Street Analyst Weigh In

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

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