Ieq Capital LLC acquired a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 111,770 shares of the company's stock, valued at approximately $2,963,000. Ieq Capital LLC owned about 0.07% of Millrose Properties at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of MRP. Vanguard Group Inc. purchased a new stake in shares of Millrose Properties during the first quarter valued at $488,156,000. Greenhaven Associates Inc. purchased a new stake in Millrose Properties in the first quarter worth approximately $209,111,000. Wellington Management Group LLP purchased a new stake in Millrose Properties in the first quarter worth approximately $75,729,000. Principal Financial Group Inc. purchased a new stake in Millrose Properties in the first quarter worth approximately $47,574,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Millrose Properties in the first quarter worth approximately $44,741,000.
Millrose Properties Trading Down 0.7%
NYSE:MRP traded down $0.24 on Thursday, hitting $34.31. The stock had a trading volume of 411,333 shares, compared to its average volume of 1,964,959. The business has a 50-day moving average price of $31.26. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $36.00. 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 (NYSE:MRP - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The business had revenue of $149.00 million for the quarter.
Millrose Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 8.0%.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised their target price on shares of Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $30.75.
Get Our Latest Report on Millrose Properties
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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