Nuveen LLC Buys New Position in Millrose Properties, Inc. $MRP

Key Points

• Nuveen LLC acquired a stake in Millrose Properties, purchasing 279,173 shares valued at approximately $7.4 million, representing about 0.17% of the company.
• Millrose Properties announced a quarterly dividend of $0.69 per share, which translates to an annualized dividend of $2.76 with a yield of 8.0%.
• Goldman Sachs raised their price target for Millrose Properties from $28.00 to $31.50, maintaining a "buy" rating, contributing to the stock’s overall average rating of "Buy" with a consensus target of $30.75.

Nuveen LLC purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 279,173 shares of the company's stock, valued at approximately $7,401,000. Nuveen LLC owned 0.17% of Millrose Properties at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Invesco Ltd. purchased a new position in Millrose Properties during the 1st quarter valued at about $14,536,000. Atlas Capital Advisors Inc. purchased a new position in Millrose Properties during the 1st quarter valued at about $136,000. Citigroup Inc. bought a new stake in Millrose Properties during the 1st quarter valued at about $9,781,000. Swiss National Bank bought a new stake in Millrose Properties during the 1st quarter valued at about $6,025,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Millrose Properties during the 1st quarter valued at about $2,197,000.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised their price objective on shares of Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $30.75.

Millrose Properties Stock Performance

Shares of MRP stock traded down $0.15 during trading hours on Friday, reaching $35.35. The company had a trading volume of 1,414,198 shares, compared to its average volume of 1,022,238. The business has a fifty day moving average of $30.87. Millrose Properties, Inc. has a one year low of $19.00 and a one year high of $36.00. 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 (NYSE:MRP - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter. The company 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. Stockholders of record on Thursday, July 3rd were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.8%.

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.