American Century Companies Inc. Acquires Shares of 23,819 Millrose Properties, Inc. $MRP

Key Points

• American Century Companies Inc. purchased a new stake in Millrose Properties, acquiring 23,819 shares valued at approximately $631,000.
• Goldman Sachs raised its price target for Millrose Properties from $28.00 to $31.50, maintaining a "buy" rating, indicating positive analyst sentiment toward the stock.
• Millrose Properties declared a quarterly dividend of $0.69, which translates to an annualized dividend of $2.76 and a yield of 8.1%.

American Century Companies Inc. purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 23,819 shares of the company's stock, valued at approximately $631,000.

Several other institutional investors have also recently bought and sold shares of MRP. Vanguard Group Inc. purchased a new stake in shares of Millrose Properties in the first quarter worth approximately $488,156,000. Greenhaven Associates Inc. purchased a new position in shares of Millrose Properties during the first quarter valued at approximately $209,111,000. Principal Financial Group Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth $47,574,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Millrose Properties in the first quarter valued at about $44,741,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Millrose Properties during the first quarter valued at about $16,753,000.

Millrose Properties Price Performance

NYSE:MRP traded down $0.07 during mid-day trading on Wednesday, reaching $34.93. The stock had a trading volume of 596,393 shares, compared to its average volume of 1,093,708. The firm has a 50 day moving average price of $31.85 and a two-hundred day moving average price of $27.77. 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, Inc. has a one year low of $19.00 and a one year high of $36.00.

Millrose Properties (NYSE:MRP - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The business had revenue of $149.00 million during the quarter.

Millrose Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.9%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Millrose Properties presently has an average rating of "Buy" and a consensus target price of $30.75.

About Millrose Properties

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.