Asset Management One Co. Ltd. Decreases Holdings in Millrose Properties, Inc. $MRP

Asset Management One Co. Ltd. trimmed its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,990 shares of the company’s stock after selling 1,608 shares during the period. Asset Management One Co. Ltd. owned 0.10% of Millrose Properties worth $4,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in Millrose Properties during the 1st quarter worth $488,156,000. Brave Warrior Advisors LLC purchased a new stake in Millrose Properties during the 1st quarter worth $210,988,000. The Manufacturers Life Insurance Company purchased a new stake in Millrose Properties during the 1st quarter worth $84,773,000. Wellington Management Group LLP purchased a new stake in Millrose Properties during the 1st quarter worth $75,729,000. Finally, Newtyn Management LLC purchased a new stake in Millrose Properties during the 1st quarter worth $53,020,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MRP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. Citizens Jmp began coverage on shares of Millrose Properties in a research report on Wednesday, October 8th. They issued a “mkt outperform” rating and a $40.00 price objective for the company. Citigroup began coverage on shares of Millrose Properties in a research report on Wednesday, October 8th. They issued an “outperform” rating for the company. Finally, JMP Securities began coverage on shares of Millrose Properties in a research report on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 price objective for the company. Three research 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 an average rating of “Moderate Buy” and an average price target of $35.38.

Millrose Properties Stock Performance

Shares of Millrose Properties stock opened at $32.70 on Wednesday. The firm has a market cap of $5.43 billion and a PE ratio of 30.56. The firm’s 50-day simple moving average is $33.65 and its 200-day simple moving average is $30.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $36.00.

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

Millrose Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were paid a $0.73 dividend. This is a boost from Millrose Properties’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, October 3rd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 8.9%. Millrose Properties’s dividend payout ratio (DPR) is currently 272.90%.

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.