Keeley Teton Advisors LLC Invests $6.63 Million in Millrose Properties, Inc. $MRP

Key Points

• Keeley Teton Advisors LLC has made a new investment in Millrose Properties, Inc., acquiring approximately $6.63 million worth of shares, which represents 0.8% of its investment portfolio.
• Millrose Properties recently announced a $0.69 quarterly dividend, yielding about 8.0% annually, with a reported revenue of $149 million for the last quarter.
• Analysts, including those from Goldman Sachs, have set a new target price of $31.50 for Millrose Properties, maintaining a consensus rating of "Buy" for the stock.

Keeley Teton Advisors LLC bought a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 250,225 shares of the company's stock, valued at approximately $6,633,000. Millrose Properties comprises 0.8% of Keeley Teton Advisors LLC's investment portfolio, making the stock its 22nd largest position. Keeley Teton Advisors LLC owned 0.15% of Millrose Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co purchased a new stake in shares of Millrose Properties in the 1st quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Millrose Properties in the 1st quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of Millrose Properties in the 1st quarter valued at about $28,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Millrose Properties in the 1st quarter valued at about $29,000. Finally, Assetmark Inc. purchased a new stake in shares of Millrose Properties in the 1st quarter valued at about $34,000.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their target price on Millrose Properties from $28.00 to $31.50 and gave the company 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 a consensus rating of "Buy" and a consensus price target of $30.75.

Millrose Properties Stock Down 0.4%

MRP traded down $0.15 on Friday, hitting $35.35. 1,414,198 shares of the company traded hands, compared to its average volume of 1,022,238. The stock's 50 day moving average is $30.87. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $36.00.

Millrose Properties (NYSE:MRP - Get Free Report) last posted its quarterly earnings data 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 announced 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 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.