Jump Financial LLC Makes New $518,000 Investment in Millrose Properties, Inc. $MRP

Key Points

• Jump Financial LLC has made a new investment of approximately $518,000 in Millrose Properties, Inc. by purchasing 19,557 shares in Q1.
• Millrose Properties recently received a price target upgrade from Goldman Sachs, increasing from $28.00 to $31.50, with a current average rating of "Buy" from two analysts.
• The company announced a quarterly dividend of $0.69 per share, reflecting an annualized yield of 7.8%, which was paid on July 15th to shareholders of record.

Jump Financial LLC purchased a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,557 shares of the company's stock, valued at approximately $518,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co acquired a new position in shares of Millrose Properties in the 1st quarter valued at $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Millrose Properties in the 1st quarter valued at $27,000. Summit Securities Group LLC acquired a new position in shares of Millrose Properties in the 1st quarter valued at $28,000. William B. Walkup & Associates Inc. acquired a new position in shares of Millrose Properties in the 1st quarter valued at $29,000. Finally, Allworth Financial LP acquired a new position in shares of Millrose Properties in the 1st quarter valued at $33,000.

Millrose Properties Price Performance

NYSE MRP traded down $0.30 on Thursday, reaching $34.25. The company had a trading volume of 1,009,495 shares, compared to its average volume of 1,969,326. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17. Millrose Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $36.00. The stock's fifty day moving average price is $31.26.

Millrose Properties (NYSE:MRP - Get Free Report) last announced its earnings results 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 8.1%.

Analyst Upgrades and Downgrades

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

Millrose Properties 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.