Millrose Properties, Inc. $MRP Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its stake in shares of Millrose Properties, Inc. (NYSE:MRP) by 14.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,900 shares of the company’s stock after purchasing an additional 3,300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Millrose Properties were worth $738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MRP. Vanguard Group Inc. acquired a new position in shares of Millrose Properties during the first quarter worth about $488,156,000. Brave Warrior Advisors LLC acquired a new position in shares of Millrose Properties during the first quarter worth about $210,988,000. The Manufacturers Life Insurance Company acquired a new position in shares of Millrose Properties during the first quarter worth about $84,773,000. Wellington Management Group LLP acquired a new position in shares of Millrose Properties in the first quarter worth about $75,729,000. Finally, Newtyn Management LLC acquired a new position in shares of Millrose Properties in the first quarter worth about $53,020,000.

Analysts Set New Price Targets

MRP has been the topic of several recent analyst reports. JMP Securities initiated coverage on Millrose Properties in a research note on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 price target on the stock. Citigroup initiated coverage on Millrose Properties in a research note on Wednesday, October 8th. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a research note on Wednesday, October 8th. Finally, Citizens Jmp initiated 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.38.

Millrose Properties Price Performance

Shares of Millrose Properties stock opened at $32.28 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.00. The business has a 50-day moving average price of $33.50 and a 200 day moving average price of $29.53.

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 firm had revenue of $149.00 million during the quarter.

Millrose Properties Increases Dividend

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

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.