7,958,813 Shares in Millrose Properties, Inc. $MRP Bought by Brave Warrior Advisors LLC

Key Points

• Brave Warrior Advisors LLC made a significant investment of $210.99 million in Millrose Properties, acquiring approximately 7,958,813 shares during the first quarter, which now constitutes 4.8% of its total holdings.
• Millrose Properties recently announced a quarterly dividend of $0.69 per share, with an annualized yield of 7.8%, indicating strong returns for shareholders.
• Goldman Sachs raised its price target for Millrose Properties from $28.00 to $31.50 and rated the stock with a "buy," contributing to a consensus target price of $30.75.

Brave Warrior Advisors LLC bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,958,813 shares of the company's stock, valued at approximately $210,988,000. Millrose Properties comprises approximately 4.8% of Brave Warrior Advisors LLC's investment portfolio, making the stock its 11th biggest holding. Brave Warrior Advisors LLC owned 4.79% of Millrose Properties at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $488,156,000. Greenhaven Associates Inc. bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $209,111,000. The Manufacturers Life Insurance Company bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $84,773,000. Wellington Management Group LLP bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $75,729,000. Finally, Principal Financial Group Inc. bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $47,574,000.

Wall Street Analysts Forecast Growth

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 research report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Millrose Properties currently has an average rating of "Buy" and an average target price of $30.75.

Millrose Properties Price Performance

Shares of MRP stock traded down $0.30 during mid-day trading on Thursday, hitting $34.25. The stock had a trading volume of 1,009,701 shares, compared to its average volume of 1,969,401. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $36.00. The stock has a 50-day moving average of $31.26. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17.

Millrose Properties (NYSE:MRP - Get Free Report) last issued 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 8.1%.

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.