Peak Financial Advisors LLC Makes New Investment in Millrose Properties, Inc. $MRP

Key Points

• Peak Financial Advisors LLC purchased 11,477 shares of Millrose Properties, Inc. (MRP), valued at approximately $327,000, during the second quarter.
• Millrose Properties recently announced a quarterly dividend of $0.69 per share, representing an annualized dividend of $2.76 and a yield of 8.0%.
• The company's earnings report showed an EPS of $0.68 for the quarter, along with a revenue of $149 million.

Peak Financial Advisors LLC acquired a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,477 shares of the company's stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. bought a new position in Millrose Properties in the 1st quarter worth approximately $488,156,000. Brave Warrior Advisors LLC bought a new position in Millrose Properties during the 1st quarter valued at $210,988,000. Greenhaven Associates Inc. bought a new position in Millrose Properties during the 1st quarter valued at $209,111,000. The Manufacturers Life Insurance Company bought a new position in Millrose Properties during the 1st quarter valued at $84,773,000. Finally, Wellington Management Group LLP bought a new position in Millrose Properties during the 1st quarter valued at $75,729,000.

Millrose Properties Stock Down 1.2%

NYSE MRP traded down $0.43 on Friday, reaching $34.20. 436,380 shares of the stock traded hands, compared to its average volume of 1,895,826. The firm's fifty day simple moving average is $32.61 and its 200 day simple moving average is $28.27. 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, Inc. has a 12 month low of $19.00 and a 12 month 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 (EPS) for the quarter. The firm had revenue of $149.00 million for the quarter.

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.