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

Aberdeen Group plc increased its stake in Millrose Properties, Inc. (NYSE:MRP) by 14.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,255 shares of the company’s stock after acquiring an additional 2,910 shares during the period. Aberdeen Group plc’s holdings in Millrose Properties were worth $663,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MRP. 683 Capital Management LLC acquired a new stake in Millrose Properties in the first quarter worth approximately $9,411,000. Bessemer Group Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth $81,000. Blair William & Co. IL acquired a new stake in shares of Millrose Properties in the first quarter valued at $351,000. Pacific Heights Asset Management LLC bought a new position in Millrose Properties during the first quarter valued at about $8,748,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Millrose Properties in the first quarter worth about $659,000.

Millrose Properties Stock Performance

Millrose Properties stock opened at $32.69 on Friday. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $36.00. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $33.53 and a 200 day moving average price of $29.58.

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

Millrose Properties Increases Dividend

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

Analysts Set New Price Targets

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