Millrose Properties (NYSE:MRP) Now Covered by Analysts at JMP Securities

Key Points

• JMP Securities has initiated coverage of Millrose Properties (NYSE:MRP) with a "market outperform" rating and a price target of $40.00, indicating a potential upside of nearly 25%.
• Currently, the stock has a consensus rating of "Moderate Buy" with three analysts rating it as a Buy and one as a Hold, alongside an average price target of $33.83.
• Millrose Properties reported $0.68 earnings per share and $149 million in revenue for the last quarter, reflecting its operations as a real estate investment and management company based in New York.

Equities research analysts at JMP Securities began coverage on shares of Millrose Properties (NYSE:MRP - Get Free Report) in a report issued on Wednesday,Benzinga reports. The firm set a "market outperform" rating and a $40.00 price target on the stock. JMP Securities' target price points to a potential upside of 24.98% from the stock's previous close.

Several other research analysts have also issued reports on MRP. Citigroup initiated coverage on shares of Millrose Properties in a research note on Wednesday. They set an "outperform" rating on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Millrose Properties in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.83.

Millrose Properties Stock Up 0.4%

MRP opened at $32.01 on Wednesday. Millrose Properties has a fifty-two week low of $19.00 and a fifty-two week high of $36.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06. The company's 50 day moving average price is $33.34 and its two-hundred day moving average price is $29.28.

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 Trading of Millrose Properties

Large investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new stake in Millrose Properties during the first quarter worth about $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Millrose Properties during the first quarter worth about $27,000. Summit Securities Group LLC purchased a new stake in Millrose Properties during the first quarter worth about $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in Millrose Properties by 144.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company's stock worth $28,000 after buying an additional 575 shares during the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new stake in Millrose Properties during the first quarter worth about $29,000.

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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