Savant Capital LLC Has $1.28 Million Stock Position in Millrose Properties, Inc. $MRP

Savant Capital LLC boosted its stake in Millrose Properties, Inc. (NYSE:MRP) by 35.6% in the second quarter, Holdings Channel reports. The firm owned 45,004 shares of the company’s stock after purchasing an additional 11,827 shares during the quarter. Savant Capital LLC’s holdings in Millrose Properties were worth $1,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Millrose Properties in the 1st quarter valued at about $27,000. Summit Securities Group LLC acquired a new stake in shares of Millrose Properties during the 1st quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB increased its stake in Millrose Properties by 144.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company’s stock valued at $28,000 after acquiring an additional 575 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new position in Millrose Properties during the first quarter valued at approximately $29,000. Finally, First Financial Corp IN bought a new stake in Millrose Properties during the second quarter worth $32,000.

Millrose Properties Trading Down 1.0%

NYSE MRP opened at $31.85 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $36.00. The business’s fifty day moving average is $33.04 and its 200 day moving average is $30.69. The company has a market cap of $5.29 billion and a price-to-earnings ratio of 18.73.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The firm had revenue of $179.26 million for the quarter.

Millrose Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were given a $0.73 dividend. 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 dividend yield of 9.2%. Millrose Properties’s dividend payout ratio is presently 171.76%.

Insider Activity

In related news, Director Patrick J. Bartels, Jr. acquired 7,500 shares of the stock in a transaction dated Tuesday, October 28th. The stock was bought at an average cost of $32.52 per share, for a total transaction of $243,900.00. Following the completion of the transaction, the director directly owned 30,660 shares of the company’s stock, valued at $997,063.20. The trade was a 32.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew B. Gorson acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was bought at an average cost of $32.69 per share, for a total transaction of $81,725.00. Following the completion of the purchase, the director owned 18,160 shares of the company’s stock, valued at $593,650.40. This trade represents a 15.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 10,476 shares of company stock valued at $341,024.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citizens Jmp began coverage on Millrose Properties in a research note on Wednesday, October 8th. They issued a “mkt outperform” rating and a $40.00 price target on the stock. Citigroup upped their price objective on Millrose Properties from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. JMP Securities initiated 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research note 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. Based on data from MarketBeat, Millrose Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.38.

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.