Millrose Properties, Inc. $MRP Shares Bought by CVA Family Office LLC

CVA Family Office LLC raised its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 166.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,749 shares of the company’s stock after purchasing an additional 1,093 shares during the period. CVA Family Office LLC’s holdings in Millrose Properties were worth $50,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its stake in Millrose Properties by 144.5% during the 2nd 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. Northwestern Mutual Wealth Management Co. acquired a new stake in Millrose Properties in the first quarter worth about $27,000. Summit Securities Group LLC purchased a new stake in shares of Millrose Properties during the first quarter worth about $28,000. William B. Walkup & Associates Inc. acquired a new position in shares of Millrose Properties during the first quarter valued at about $29,000. Finally, First Financial Corp IN acquired a new position in shares of Millrose Properties during the second quarter valued at about $32,000.

Wall Street Analyst Weigh In

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

Millrose Properties Stock Performance

MRP opened at $32.40 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $36.00. The firm has a 50 day moving average of $33.63 and a two-hundred day moving average of $29.96. The firm has a market capitalization of $5.38 billion and a PE ratio of 30.28.

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

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were issued a $0.73 dividend. This is a boost from Millrose Properties’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.92 annualized dividend and a dividend yield of 9.0%. Millrose Properties’s payout ratio is presently 272.90%.

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.