Millrose Properties, Inc. $MRP Shares Bought by Aberdeen Group plc

Aberdeen Group plc raised its stake in Millrose Properties, Inc. (NYSE:MRP) by 14.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 23,255 shares of the company’s stock after purchasing an additional 2,910 shares during the period. Aberdeen Group plc’s holdings in Millrose Properties were worth $663,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. 683 Capital Management LLC acquired a new stake in Millrose Properties during the first quarter valued at approximately $9,411,000. Bessemer Group Inc. acquired a new stake in shares of Millrose Properties during the 1st quarter valued at approximately $81,000. Blair William & Co. IL bought a new position in Millrose Properties during the first quarter worth $351,000. Pacific Heights Asset Management LLC acquired a new position in Millrose Properties in the first quarter worth $8,748,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Millrose Properties during the first quarter valued at $659,000.

Millrose Properties Stock Performance

NYSE MRP opened at $32.69 on Friday. The company has a 50-day moving average price of $33.53 and a two-hundred day moving average price of $29.58. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $36.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06.

Millrose Properties (NYSE:MRP) last released its quarterly 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.

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were given a dividend of $0.73 per share. This is a boost from Millrose Properties’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, October 3rd. This represents a $2.92 dividend on an annualized basis and a yield of 8.9%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a report on Wednesday, October 8th. JMP Securities initiated coverage on shares of Millrose Properties in a research note on Wednesday, October 8th. They set a “market outperform” rating and a $40.00 price objective on the stock. Citizens Jmp assumed coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They issued a “mkt outperform” rating and a $40.00 target price on the stock. Finally, Citigroup initiated coverage on Millrose Properties in a report on Wednesday, October 8th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.38.

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.