Gotham Asset Management LLC Purchases Shares of 643,790 Millrose Properties, Inc. $MRP

Key Points

• Gotham Asset Management LLC has acquired a new position in Millrose Properties, purchasing 643,790 shares valued at approximately $17.07 million.
• Analysts from Goldman Sachs have raised their target price for Millrose Properties from $28.00 to $31.50, maintaining a "buy" rating on the stock.
• Millrose Properties recently declared a quarterly dividend of $0.69 per share, resulting in an annualized dividend of $2.76 and a dividend yield of 8.1%.

Gotham Asset Management LLC bought a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 643,790 shares of the company's stock, valued at approximately $17,067,000. Gotham Asset Management LLC owned approximately 0.39% of Millrose Properties at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new stake in Millrose Properties in the first quarter worth $488,156,000. Brave Warrior Advisors LLC bought a new stake in Millrose Properties in the first quarter worth $210,988,000. Greenhaven Associates Inc. bought a new stake in Millrose Properties in the first quarter worth $209,111,000. The Manufacturers Life Insurance Company bought a new stake in Millrose Properties in the first quarter worth $84,773,000. Finally, Wellington Management Group LLP bought a new stake in Millrose Properties in the first quarter worth $75,729,000.

Millrose Properties Stock Performance

MRP traded down $0.03 during midday trading on Thursday, reaching $34.88. The company had a trading volume of 193,014 shares, compared to its average volume of 1,930,838. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. The business has a 50-day moving average of $31.85 and a two-hundred day moving average of $27.77. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $36.00.

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 firm also recently announced 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 7.9%.

Analyst Ratings Changes

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