Swedbank AB Sells 67,232 Shares of Millrose Properties, Inc. $MRP

Key Points

• Swedbank AB significantly reduced its holdings in Millrose Properties, Inc. by 90.4%, selling 67,232 shares during the second quarter, now owning only 7,121 shares valued at $203,000.
• Millrose Properties has increased its quarterly dividend to $0.73 per share, up from the previous $0.69, representing an annualized dividend yield of 8.6%.
• The company reported earnings of $0.68 per share with revenue of $149 million in its most recent quarterly results.

Swedbank AB lowered its position in Millrose Properties, Inc. (NYSE:MRP - Free Report) by 90.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,121 shares of the company's stock after selling 67,232 shares during the quarter. Swedbank AB's holdings in Millrose Properties were worth $203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Yousif Capital Management LLC purchased a new stake in Millrose Properties during the first quarter worth $1,190,000. Bessemer Group Inc. acquired a new position in shares of Millrose Properties in the 1st quarter valued at $81,000. Blair William & Co. IL acquired a new position in shares of Millrose Properties in the 1st quarter valued at $351,000. Pacific Heights Asset Management LLC acquired a new position in shares of Millrose Properties in the 1st quarter valued at $8,748,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Millrose Properties during the 1st quarter worth about $659,000.

Millrose Properties Price Performance

Shares of MRP opened at $34.09 on Tuesday. The business's 50-day moving average is $32.77 and its two-hundred day moving average is $28.52. 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, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.00.

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

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.73 per share. This is a boost from Millrose Properties's previous quarterly dividend of $0.69. This represents a $2.92 dividend on an annualized basis 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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