Rhumbline Advisers Invests $7.44 Million in Millrose Properties, Inc. $MRP

Key Points

• Rhumbline Advisers invested approximately $7.44 million in Millrose Properties, acquiring 280,705 shares of the company.
• Millrose Properties reported $0.68 EPS and $149 million in revenue for the last quarter, with a current dividend yield of 7.9%.
• Goldman Sachs has raised their target price for Millrose Properties from $28.00 to $31.50 and maintains a "buy" rating on the stock.

Rhumbline Advisers bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 280,705 shares of the company's stock, valued at approximately $7,441,000. Rhumbline Advisers owned approximately 0.17% of Millrose Properties at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MRP. Greenhaven Associates Inc. bought a new position in Millrose Properties during the 1st quarter worth about $209,111,000. GAMMA Investing LLC bought a new position in shares of Millrose Properties in the 1st quarter valued at about $1,784,000. Asset Management Advisors LLC bought a new position in shares of Millrose Properties in the 1st quarter valued at about $721,000. Merit Financial Group LLC bought a new position in shares of Millrose Properties in the 1st quarter valued at about $552,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Millrose Properties in the 1st quarter valued at about $272,000.

Millrose Properties Price Performance

Shares of NYSE MRP traded down $0.21 during mid-day trading on Friday, hitting $34.63. The company had a trading volume of 813,300 shares, compared to its average volume of 1,021,038. The firm has a 50-day simple moving average of $32.12 and a two-hundred day simple moving average of $28.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06. Millrose Properties, Inc. has a one year low of $19.00 and a one year high of $36.00.

Millrose Properties (NYSE:MRP - Get Free Report) last posted its quarterly earnings results 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 8.0%.

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.