LPL Financial LLC Acquires Shares of 59,230 Millrose Properties, Inc. $MRP

Key Points

• LPL Financial LLC acquired 59,230 shares of Millrose Properties, Inc., valued at approximately $1,570,000 in the 1st quarter, indicating growing institutional interest in the company.
• Goldman Sachs recently raised Millrose Properties' price target from $28.00 to $31.50 and gave the stock a "buy" rating, reflecting positive analyst sentiment.
• The company declared a quarterly dividend of $0.69 per share, resulting in an annualized yield of 8.3%, appealing to income-focused investors.

LPL Financial LLC purchased 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 SEC. The firm purchased 59,230 shares of the company's stock, valued at approximately $1,570,000.

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lifted their price target 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $30.75.

Millrose Properties Stock Up 2.0%

NYSE:MRP opened at $33.35 on Friday. The stock's 50 day moving average is $30.01. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $33.38. 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 (NYSE:MRP - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The firm had revenue of $149.00 million during the quarter.

Millrose Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 8.3%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.