Montgomery Investment Management Inc. Has $1.35 Million Holdings in Millrose Properties, Inc. $MRP

Key Points

• Montgomery Investment Management Inc. reduced its stake in Millrose Properties, Inc. by 20.2%, holding shares worth approximately $1.35 million after selling 12,043 shares in the last quarter.
• Millrose Properties has announced a dividend increase, with a new quarterly dividend of $0.73 per share, payable on October 15th, which raises the annualized dividend yield to 8.7%.
• As of now, Millrose Properties' stock is priced at $33.64, with a significant annual performance range between a low of $19.00 and a high of $36.00.

Montgomery Investment Management Inc. reduced its position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,503 shares of the company's stock after selling 12,043 shares during the period. Montgomery Investment Management Inc.'s holdings in Millrose Properties were worth $1,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MRP. Vanguard Group Inc. acquired a new position in Millrose Properties during the 1st quarter worth approximately $488,156,000. Brave Warrior Advisors LLC acquired a new position in Millrose Properties during the first quarter worth $210,988,000. The Manufacturers Life Insurance Company acquired a new position in Millrose Properties during the first quarter worth $84,773,000. Wellington Management Group LLP acquired a new position in Millrose Properties during the first quarter worth $75,729,000. Finally, Newtyn Management LLC acquired a new position in Millrose Properties during the first quarter worth $53,020,000.

Millrose Properties Stock Performance

Shares of MRP opened at $33.64 on Thursday. The firm has a fifty day simple moving average of $33.22 and a 200 day simple moving average of $29.03. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $36.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06.

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 business had revenue of $149.00 million for the quarter.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, October 3rd. This is a boost from Millrose Properties's previous quarterly dividend of $0.69.

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.

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