Teacher Retirement System of Texas Has $14.48 Million Stock Holdings in Millrose Properties, Inc. $MRP

Teacher Retirement System of Texas lifted its position in Millrose Properties, Inc. (NYSE:MRP) by 226.0% during the second quarter, HoldingsChannel.com reports. The fund owned 507,979 shares of the company’s stock after purchasing an additional 352,147 shares during the period. Teacher Retirement System of Texas’ holdings in Millrose Properties were worth $14,482,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MRP. Vanguard Group Inc. acquired a new stake in Millrose Properties during the 1st quarter worth approximately $488,156,000. Brave Warrior Advisors LLC acquired a new stake in Millrose Properties during the 1st quarter worth approximately $210,988,000. The Manufacturers Life Insurance Company acquired a new stake in Millrose Properties during the 1st quarter worth approximately $84,773,000. Wellington Management Group LLP acquired a new stake in Millrose Properties during the 1st quarter worth approximately $75,729,000. Finally, Newtyn Management LLC acquired a new stake in Millrose Properties during the 1st quarter worth approximately $53,020,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MRP. JMP Securities began coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They set a “market outperform” rating and a $40.00 target price on the stock. Citigroup started coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They set an “outperform” rating on the stock. Citizens Jmp initiated coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They issued a “mkt outperform” rating and a $40.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.38.

Millrose Properties Price Performance

Shares of MRP opened at $32.70 on Wednesday. The company has a market cap of $5.43 billion and a price-to-earnings ratio of 30.56. Millrose Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $36.00. The company’s fifty day simple moving average is $33.65 and its 200 day simple moving average is $30.10. 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 (NYSE:MRP) last issued its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The firm had revenue of $149.00 million for the quarter.

Millrose Properties Increases Dividend

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