Deutsche Bank AG 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,315 shares of the company's stock, valued at approximately $698,000.
A number of other institutional investors have also recently added to or reduced their stakes in MRP. Vanguard Group Inc. purchased a new stake in Millrose Properties during the first quarter valued at about $488,156,000. Greenhaven Associates Inc. purchased a new stake in Millrose Properties during the first quarter valued at about $209,111,000. Principal Financial Group Inc. purchased a new stake in Millrose Properties during the first quarter valued at about $47,574,000. Charles Schwab Investment Management Inc. purchased a new stake in Millrose Properties during the first quarter valued at about $44,741,000. Finally, Bank of New York Mellon Corp purchased a new stake in Millrose Properties during the first quarter valued at about $16,753,000.
Millrose Properties Price Performance
Shares of NYSE MRP traded down $0.15 on Friday, hitting $35.35. The company had a trading volume of 1,414,198 shares, compared to its average volume of 1,043,933. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $36.00. The company has a 50 day moving average price of $30.87. 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 issued its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The company had revenue of $149.00 million during the quarter.
Millrose Properties Announces Dividend
The business 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 7.8%.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group boosted their price target 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.com, the company presently has a consensus rating of "Buy" and a consensus price target of $30.75.
View Our Latest Report on MRP
Millrose Properties Profile
(
Free Report)
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.
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