Millrose Properties, Inc. (NYSE:MRP) Announces Quarterly Dividend of $0.73

Key Points

• Millrose Properties, Inc. declared a quarterly dividend of $0.73, reflecting a 5.8% increase from the previous dividend of $0.69, which will be paid on October 15th to shareholders of record as of October 3rd.
• The stock is currently trading at $34.09, slightly down from its recent performance, with a 52-week range between $19.00 and $36.00.
• Several institutional investors have recently increased their stakes in Millrose Properties, including Greenhaven Associates Inc., which purchased around $209 million worth of shares in the first quarter.

Millrose Properties, Inc. (NYSE:MRP - Get Free Report) declared a quarterly dividend on Monday, September 22nd, RTT News reports. Shareholders of record on Friday, October 3rd will be given a dividend of 0.73 per share on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 8.6%. This is a 5.8% increase from Millrose Properties's previous quarterly dividend of $0.69.

Millrose Properties Stock Performance

MRP stock traded down $0.26 during mid-day trading on Monday, hitting $34.09. The stock had a trading volume of 761,183 shares, compared to its average volume of 1,131,862. 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 has a 52 week low of $19.00 and a 52 week high of $36.00. The firm has a fifty day simple moving average of $32.69 and a 200 day simple moving average of $28.44.

Millrose Properties (NYSE:MRP - Get Free Report) last posted its 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 for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MRP. Greenhaven Associates Inc. purchased a new stake in Millrose Properties during the first quarter valued at about $209,111,000. GAMMA Investing LLC purchased a new stake in shares of Millrose Properties in the first quarter worth about $1,784,000. Asset Management Advisors LLC purchased a new stake in shares of Millrose Properties in the first quarter worth about $721,000. Rhumbline Advisers purchased a new stake in shares of Millrose Properties in the first quarter worth about $7,441,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Millrose Properties in the first quarter worth about $552,000.

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.

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