Invesco Ltd. Purchases Shares of 548,322 Millrose Properties, Inc. $MRP

Invesco Ltd. purchased a new stake in Millrose Properties, Inc. (NYSE:MRP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 548,322 shares of the company’s stock, valued at approximately $14,536,000. Invesco Ltd. owned approximately 0.33% of Millrose Properties at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MRP. CENTRAL TRUST Co purchased a new stake in shares of Millrose Properties during the first quarter worth about $27,000. Allworth Financial LP purchased a new stake in shares of Millrose Properties during the first quarter worth about $33,000. Assetmark Inc. purchased a new stake in shares of Millrose Properties during the first quarter worth about $34,000. Golden State Wealth Management LLC purchased a new stake in shares of Millrose Properties during the first quarter worth about $37,000. Finally, Advisors Preferred LLC purchased a new stake in shares of Millrose Properties during the first quarter worth about $43,000.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target on shares of Millrose Properties from $28.00 to $31.50 and gave the stock a “buy” rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Millrose Properties presently has a consensus rating of “Buy” and a consensus target price of $30.75.

Millrose Properties Trading Up 2.9%

Shares of MRP stock opened at $34.30 on Friday. Millrose Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $34.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. The business’s 50-day moving average is $30.15.

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

Millrose Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 8.0%.

Millrose Properties 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.