HBK Investments L P Takes Position in Millrose Properties, Inc. $MRP

Key Points

• HBK Investments L P acquired a new position in Millrose Properties, purchasing 400,000 shares valued at approximately $10.60 million.
• Millrose Properties announced a quarterly dividend of $0.69, resulting in an annualized yield of 7.8% for investors.
• Goldman Sachs raised their price target for Millrose Properties from $28.00 to $31.50, maintaining a "buy" rating for the stock.

HBK Investments L P acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 400,000 shares of the company's stock, valued at approximately $10,604,000. HBK Investments L P owned 0.24% of Millrose Properties as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Yousif Capital Management LLC bought a new stake in shares of Millrose Properties during the first quarter worth approximately $1,190,000. Bessemer Group Inc. bought a new stake in shares of Millrose Properties during the first quarter worth approximately $81,000. Blair William & Co. IL bought a new stake in shares of Millrose Properties during the first quarter worth approximately $351,000. Pacific Heights Asset Management LLC bought a new stake in shares of Millrose Properties during the first quarter worth approximately $8,748,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Millrose Properties during the first quarter worth approximately $659,000.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $30.75.

Millrose Properties Price Performance

NYSE MRP traded down $0.30 during midday trading on Thursday, hitting $34.25. The company had a trading volume of 1,009,701 shares, compared to its average volume of 1,969,401. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06. The business has a 50-day moving average of $31.26. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $36.00.

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

Millrose Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis 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.