Citi initiated coverage of Millrose Properties (MRP) with a Buy rating and $30 price target The stock offers an 11% covered dividend yield with the potential for “considerable” multiple expansion, the analyst tells investors in a research note. The firm says this is supported by Millrose’s underlying land-banking business which offers double-digit unlevered returns secured by entitled-land and deposits.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRP:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue