LPL Financial LLC Acquires Shares of 59,230 Millrose Properties, Inc. $MRP

LPL Financial LLC purchased a new stake in Millrose Properties, Inc. (NYSE:MRP) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 59,230 shares of the company’s stock, valued at approximately $1,570,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CENTRAL TRUST Co acquired a new stake in shares of Millrose Properties during the 1st quarter valued at approximately $27,000. Allworth Financial LP purchased a new position in Millrose Properties in the 1st quarter valued at approximately $33,000. Assetmark Inc. purchased a new position in Millrose Properties in the 1st quarter valued at approximately $34,000. Golden State Wealth Management LLC acquired a new position in Millrose Properties during the first quarter worth $37,000. Finally, Advisors Preferred LLC purchased a new stake in Millrose Properties during the first quarter worth $43,000.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lifted their price target on Millrose Properties from $28.00 to $31.50 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $30.75.

Millrose Properties Stock Up 2.0%

NYSE:MRP opened at $33.35 on Friday. The stock’s 50 day moving average is $30.01. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $33.38. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17.

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 firm had revenue of $149.00 million during the quarter.

Millrose Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 8.3%.

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.