Invesco Ltd. Takes $14.54 Million Position in Millrose Properties, Inc. $MRP

Key Points

• Invesco Ltd. has acquired a stake in Millrose Properties, Inc. by purchasing 548,322 shares valued at approximately $14.5 million, representing about 0.33% ownership.
• Analysts from The Goldman Sachs Group have raised their price target for Millrose Properties from $28.00 to $31.50, maintaining a "buy" rating as the stock has a consensus price target of $30.75.
• Millrose Properties recently declared a quarterly dividend of $0.69 per share, which translates to an annualized dividend of $2.76 and a yield of 8.0%.

Invesco Ltd. bought 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 fund bought 548,322 shares of the company's stock, valued at approximately $14,536,000. Invesco Ltd. owned approximately 0.33% of Millrose Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MRP. CENTRAL TRUST Co acquired a new position in Millrose Properties during the 1st quarter worth $27,000. Allworth Financial LP acquired a new position in Millrose Properties during the 1st quarter worth $33,000. Assetmark Inc. acquired a new position in Millrose Properties during the 1st quarter worth $34,000. Golden State Wealth Management LLC acquired a new position in Millrose Properties during the 1st quarter worth $37,000. Finally, Advisors Preferred LLC acquired a new position in Millrose Properties during the 1st quarter worth $43,000.

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 research note on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $30.75.

Millrose Properties Stock Up 0.3%

NYSE MRP traded up $0.09 during trading on Thursday, reaching $35.48. 1,109,989 shares of the company's stock were exchanged, compared to its average volume of 1,008,763. 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 stock has a 50 day simple moving average of $30.74. 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 announced its quarterly 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 for the quarter.

Millrose Properties Dividend Announcement

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

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.