Charles Schwab Investment Management Inc. Takes Position in Millrose Properties, Inc. $MRP

Charles Schwab Investment Management Inc. purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,687,692 shares of the company's stock, valued at approximately $44,741,000. Charles Schwab Investment Management Inc. owned approximately 1.02% of Millrose Properties as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. bought a new stake in Millrose Properties in the first quarter worth $488,156,000. Greenhaven Associates Inc. acquired a new position in shares of Millrose Properties during the first quarter valued at about $209,111,000. Principal Financial Group Inc. acquired a new position in shares of Millrose Properties during the first quarter valued at about $47,574,000. Bank of New York Mellon Corp acquired a new position in shares of Millrose Properties during the first quarter valued at about $16,753,000. Finally, Pacific Heights Asset Management LLC acquired a new position in shares of Millrose Properties during the first quarter valued at about $8,748,000.

Wall Street Analysts Forecast Growth

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

Millrose Properties Stock Performance

NYSE:MRP traded up $0.82 during mid-day trading on Friday, hitting $34.16. The company's stock had a trading volume of 172,089 shares, compared to its average volume of 2,006,442. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $34.17. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $30.01.

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

Millrose Properties Dividend Announcement

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

Millrose Properties Company 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.