40,500 Shares in Millrose Properties, Inc. $MRP Bought by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC has made a significant investment in Millrose Properties, Inc., purchasing 40,500 shares valued at approximately $1,155,000 during the 2nd quarter.
• Other hedge funds have also shown increased interest, with MassMutual Private Wealth & Trust FSB raising its position by 144.5%, now holding 973 shares worth $28,000.
• Millrose Properties reported earnings of $0.68 per share for the last quarter, alongside revenues of $149 million.

Kingstone Capital Partners Texas LLC acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 40,500 shares of the company's stock, valued at approximately $1,155,000.

Other large investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co bought a new position in shares of Millrose Properties in the first quarter valued at $27,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Millrose Properties in the first quarter valued at $27,000. Summit Securities Group LLC bought a new stake in shares of Millrose Properties in the first quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Millrose Properties by 144.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company's stock worth $28,000 after buying an additional 575 shares in the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new position in Millrose Properties in the first quarter valued at $29,000.

Millrose Properties Stock Down 0.8%

Shares of NYSE:MRP traded down $0.26 during midday trading on Monday, reaching $34.09. The company had a trading volume of 761,183 shares, compared to its average volume of 1,131,862. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $36.00. The company's 50 day moving average price is $32.69 and its 200 day moving average price is $28.44. 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 posted its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter. The firm had revenue of $149.00 million for the quarter.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 8.6%. This is a positive change from Millrose Properties's previous quarterly dividend of $0.69.

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.