Millrose Properties, Inc. (NYSE:MRP - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $29.37 and last traded at $29.06, with a volume of 1982931 shares traded. The stock had previously closed at $27.51.
Wall Street Analyst Weigh In
Several brokerages recently commented on MRP. Citigroup began coverage on shares of Millrose Properties in a report on Monday, April 14th. They set a "buy" rating and a $30.00 target price for the company. The Goldman Sachs Group increased their price target 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.
Read Our Latest Analysis on Millrose Properties
Millrose Properties Price Performance
The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.06. The business's 50 day simple moving average is $27.66.
Millrose Properties (NYSE:MRP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.39 EPS for the quarter. The firm had revenue of $82.70 million during the quarter.
Millrose Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 9.31%.
Insider Transactions at Millrose Properties
In related news, Director Patrick J. Bartels, Jr. bought 8,750 shares of the business's stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $28.36 per share, for a total transaction of $248,150.00. Following the purchase, the director owned 14,410 shares in the company, valued at $408,667.60. This represents a 154.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew B. Gorson bought 7,500 shares of the business's stock in a transaction dated Monday, May 19th. The shares were bought at an average price of $28.24 per share, with a total value of $211,800.00. Following the purchase, the director owned 15,660 shares in the company, valued at $442,238.40. The trade was a 91.91% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 18,750 shares of company stock worth $530,800.
Institutional Trading of Millrose Properties
A number of hedge funds have recently modified their holdings of MRP. Yousif Capital Management LLC acquired a new stake in Millrose Properties in the 1st quarter worth about $1,190,000. Bessemer Group Inc. acquired a new stake in Millrose Properties in the 1st quarter worth about $81,000. Pacific Heights Asset Management LLC acquired a new stake in Millrose Properties in the 1st quarter worth about $8,748,000. Golden State Wealth Management LLC acquired a new stake in Millrose Properties in the 1st quarter worth about $37,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Millrose Properties in the 1st quarter worth about $659,000.
About Millrose Properties
(
Get Free Report)
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.
See Also
Before you consider Millrose Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Millrose Properties wasn't on the list.
While Millrose Properties currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.