Vanguard Personalized Indexing Management LLC Buys 9,026 Shares of Millrose Properties, Inc. $MRP

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 37.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 33,223 shares of the company’s stock after acquiring an additional 9,026 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Millrose Properties were worth $947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MRP. Northwestern Mutual Wealth Management Co. acquired a new position in Millrose Properties during the first quarter worth approximately $27,000. Summit Securities Group LLC acquired a new position in Millrose Properties during the first quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB increased its position 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. William B. Walkup & Associates Inc. acquired a new position in Millrose Properties during the first quarter worth approximately $29,000. Finally, First Financial Corp IN acquired a new position in Millrose Properties during the second quarter worth approximately $32,000.

Millrose Properties Trading Up 1.2%

Millrose Properties stock opened at $32.69 on Monday. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $36.00. The stock’s 50 day moving average is $33.53 and its 200-day moving average is $29.63. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17.

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

Millrose Properties Increases Dividend

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

Wall Street Analyst Weigh In

MRP has been the topic of a number of recent analyst reports. Citigroup initiated coverage on Millrose Properties in a research report on Wednesday, October 8th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. Citizens Jmp assumed coverage on Millrose Properties in a research report on Wednesday, October 8th. They issued a “mkt outperform” rating and a $40.00 target price on the stock. Finally, JMP Securities assumed coverage on Millrose Properties in a research report on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.38.

About Millrose Properties

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.