Truist Financial Corp Sells 7,988 Shares of Millrose Properties, Inc. $MRP

Truist Financial Corp decreased its position in Millrose Properties, Inc. (NYSE:MRP) by 39.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,419 shares of the company’s stock after selling 7,988 shares during the period. Truist Financial Corp’s holdings in Millrose Properties were worth $354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. HB Wealth Management LLC bought a new position in shares of Millrose Properties in the second quarter worth approximately $297,000. Moody Lynn & Lieberson LLC purchased a new stake in Millrose Properties in the second quarter worth $230,000. State of Alaska Department of Revenue boosted its holdings in Millrose Properties by 76.1% in the second quarter. State of Alaska Department of Revenue now owns 147,700 shares of the company’s stock valued at $4,208,000 after acquiring an additional 63,816 shares in the last quarter. CX Institutional bought a new stake in Millrose Properties in the second quarter valued at $39,000. Finally, GAMMA Investing LLC boosted its holdings in Millrose Properties by 86.7% in the second quarter. GAMMA Investing LLC now owns 4,740 shares of the company’s stock valued at $135,000 after acquiring an additional 2,201 shares in the last quarter.

Millrose Properties Stock 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. The business has a fifty day simple moving average of $33.50 and a two-hundred day simple moving average of $29.53. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $36.00.

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

Millrose Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were given a dividend of $0.73 per share. 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.

Analyst Ratings Changes

Several analysts recently weighed in on MRP shares. Citigroup started coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They issued an “outperform” rating on the stock. JMP Securities started coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 price target on the stock. Citizens Jmp started coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They issued a “mkt outperform” rating and a $40.00 price target 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 stock. Based on data from MarketBeat, Millrose Properties has an average rating of “Moderate Buy” and an average target price of $35.38.

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.