Millrose Properties Inc (NYSE:MRP) price on Friday, June 13, fall -0.51% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.20.
A look at the stock’s price movement, the close in the last trading session was $27.34. Turning to its 52-week performance, $28.99 and $19.00 were the 52-week high and 52-week low respectively. Overall, MRP moved -2.19% over the past month.
Millrose Properties Inc’s market cap currently stands at around $4.52 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.38, with its dividend yield at 1.40%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 151.7M for the company’s revenue for the quarter, with a low and high estimate of 151.7M and 151.7M respectively.
MRP’s current price about -2.43% and 4.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.44, while 7-day volatility ratio is 0.79% and 0.73% in the 30-day chart. Further, Millrose Properties Inc (MRP) has a beta value of 0, and an average true range (ATR) of 0.62.
If we refocus on Millrose Properties Inc (NYSE:MRP), historical trading data shows that trading volumes averaged 1.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 154.18 million shares.
The 27.33% of Millrose Properties Inc’s shares are in the hands of company insiders while institutional holders own 64.95% of the company’s shares. Current price change has pushed the stock 23.97% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MRP stock continues to rise going into the next quarter.
