16,044 Shares in Millrose Properties, Inc. $MRP Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 16,044 shares of Millrose Properties, Inc. (NYSE:MRP), valued at approximately $425,000, in the first quarter.
• The Goldman Sachs Group raised its price target on Millrose Properties from $28.00 to $31.50 and assigned a "buy" rating, reflecting a positive outlook on the stock.
• $0.69 per share, amounting to an annual yield of 7.8%.

B. Metzler seel. Sohn & Co. AG acquired a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,044 shares of the company's stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MRP. Vanguard Group Inc. purchased a new stake in Millrose Properties in the first quarter valued at approximately $488,156,000. Greenhaven Associates Inc. purchased a new stake in Millrose Properties in the first quarter valued at approximately $209,111,000. Wellington Management Group LLP purchased a new stake in Millrose Properties in the first quarter valued at approximately $75,729,000. Principal Financial Group Inc. purchased a new stake in Millrose Properties in the first quarter valued at approximately $47,574,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Millrose Properties in the first quarter valued at approximately $44,741,000.

Millrose Properties Trading Up 1.2%

MRP stock traded up $0.41 on Wednesday, reaching $34.56. 2,076,386 shares of the company's stock were exchanged, compared to its average volume of 1,008,985. The company has a fifty day moving average of $31.26. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $36.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06.

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

Millrose Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.0%.

Analyst Upgrades and Downgrades

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

Millrose Properties 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.