Moody Lynn & Lieberson LLC Acquires Shares of 8,050 Millrose Properties, Inc. $MRP

Key Points

• Moody Lynn & Lieberson LLC acquired 8,050 shares of Millrose Properties, Inc. during the second quarter, with a total investment of around $230,000.
• Millrose Properties recently increased its quarterly dividend to $0.73 per share, up from $0.69, indicating a strong annual yield of 8.6%.
• The company's stock has shown fluctuations, with a one-year low of $19.00 and a high of $36.00, currently trading at approximately $33.80.

Moody Lynn & Lieberson LLC acquired a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,050 shares of the company's stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in Millrose Properties by 144.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company's stock valued at $28,000 after purchasing an additional 575 shares during the period. CENTRAL TRUST Co purchased a new stake in Millrose Properties during the first quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Millrose Properties during the first quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new stake in Millrose Properties during the first quarter valued at approximately $28,000. Finally, William B. Walkup & Associates Inc. purchased a new stake in Millrose Properties during the first quarter valued at approximately $29,000.

Millrose Properties Stock Down 0.7%

Shares of MRP stock opened at $33.80 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. The stock's 50 day simple moving average is $33.13 and its two-hundred day simple moving average is $28.97. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $36.00.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The business had revenue of $149.00 million during the quarter.

Millrose Properties Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, October 3rd. This is a positive change from Millrose Properties's previous quarterly dividend of $0.69. This represents a $2.92 annualized dividend and a dividend yield of 8.6%.

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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