10,689 Shares in Millrose Properties, Inc. $MRP Purchased by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC acquired 10,689 shares of Millrose Properties, Inc. (NYSE:MRP) valued at approximately $283,000 during the first quarter.
• Several institutional investors, including Vanguard Group Inc. and Greenhaven Associates Inc., also made significant investments in Millrose Properties in Q1, illustrating growing interest in the company's stock.
• Goldman Sachs raised Millrose Properties' price target from $28.00 to $31.50, while the stock currently has an average rating of "Buy" and a consensus target price of $30.75.

HighTower Advisors LLC acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,689 shares of the company's stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Public Sector Pension Investment Board acquired a new position in shares of Millrose Properties in the 1st quarter valued at about $10,110,000. Nuveen LLC bought a new stake in shares of Millrose Properties during the 1st quarter worth about $7,401,000. Invesco Ltd. bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $14,536,000. Atlas Capital Advisors Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $136,000. Finally, Citigroup Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $9,781,000.

Wall Street Analysts Forecast Growth

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

Millrose Properties Stock Performance

NYSE:MRP traded down $0.03 during trading hours on Friday, hitting $34.20. 832,712 shares of the company traded hands, compared to its average volume of 1,079,868. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $36.00. The firm has a 50-day moving average of $31.49 and a 200 day moving average of $27.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06.

Millrose Properties (NYSE:MRP - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter. The company had revenue of $149.00 million for the quarter.

Millrose Properties Announces Dividend

The firm also recently disclosed 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 8.1%.

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.