Millrose Properties, Inc. $MRP Holdings Decreased by Cwm LLC

Cwm LLC cut its position in shares of Millrose Properties, Inc. (NYSE:MRP) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,698 shares of the company’s stock after selling 3,809 shares during the quarter. Cwm LLC’s holdings in Millrose Properties were worth $1,331,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Millrose Properties by 144.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company’s stock worth $28,000 after buying an additional 575 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Millrose Properties during the first quarter worth about $27,000. Summit Securities Group LLC bought a new position in Millrose Properties in the first quarter worth about $28,000. William B. Walkup & Associates Inc. acquired a new position in Millrose Properties in the first quarter valued at approximately $29,000. Finally, First Financial Corp IN acquired a new stake in shares of Millrose Properties during the 2nd quarter worth approximately $32,000.

Analyst Upgrades and Downgrades

MRP has been the subject of a number of analyst reports. Citigroup initiated coverage on Millrose Properties in a research report on Wednesday, October 8th. They set an “outperform” rating for the company. Citizens Jmp began coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They set a “mkt outperform” rating and a $40.00 price target for the company. JMP Securities initiated coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.38.

Millrose Properties Stock Up 0.5%

Shares of NYSE MRP opened at $32.86 on Tuesday. The firm’s 50-day simple moving average is $33.56 and its 200 day simple moving average is $29.69. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06.

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

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 8.9%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.69. The ex-dividend date 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.