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Investing.com - Freedom Capital Markets raised its price target on Millrose Properties (NYSE:MRP) to $40.00 from $39.00 on Monday, maintaining a Buy rating following the company’s third-quarter results. According to InvestingPro data, the stock is trading near its 52-week high of $36, with a market capitalization of $5.38 billion.
The real estate firm reported Q3 2025 results that aligned with expectations, demonstrating strong operational execution and robust demand for its homesite option platform, according to Freedom Capital Markets. The company’s performance has been impressive, with InvestingPro data showing a 58.54% total return over the past year.
A key development during the quarter was Millrose Properties’ successful issuance of $2.0 billion in senior notes, which replaced short-term bridge financing with long-term debt and increased the company’s liquidity to approximately $1.6 billion. The company maintains a healthy financial position with a moderate debt-to-equity ratio of 0.17 and offers an attractive 8.93% dividend yield.
Management raised its full-year 2025 funding target for new transactions and its year-end AFFO (Adjusted Funds From Operations) run-rate guidance, reflecting confidence in continued momentum. For deeper insights into Millrose Properties’ financial health and growth prospects, access the comprehensive Pro Research Report available exclusively on InvestingPro.
Freedom Capital Markets noted that Millrose Properties’ proprietary technology platform provides a durable competitive advantage that enables efficient scaling and disciplined underwriting.
In other recent news, Millrose Properties reported strong financial results for the third quarter of 2025. The company achieved earnings per share of $0.63, which was in line with analysts’ expectations. Revenue reached $179.26 million, significantly surpassing the forecast of $150.29 million. Additionally, Millrose Properties announced Adjusted Funds From Operations of $0.74 per share, exceeding Citizens’ projection of $0.72 per share. Citizens maintained its Market Outperform rating for the company, with a price target of $40.00. These recent developments indicate a robust market position for Millrose Properties. Despite these strong financial results, the company’s stock experienced a slight decline in pre-market trading.
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