Russell Investments Group Ltd. acquired a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 172,334 shares of the company's stock, valued at approximately $4,569,000. Russell Investments Group Ltd. owned 0.10% of Millrose Properties as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new position in shares of Millrose Properties in the 1st quarter valued at approximately $488,156,000. Greenhaven Associates Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth $209,111,000. Principal Financial Group Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth $47,574,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth $44,741,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Millrose Properties in the 1st quarter worth $16,753,000.
Millrose Properties Stock Performance
Shares of MRP traded up $0.09 during trading hours on Thursday, hitting $35.48. The stock had a trading volume of 1,109,989 shares, compared to its average volume of 1,008,763. 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, Inc. has a 12 month low of $19.00 and a 12 month high of $36.00. The firm has a fifty day moving average price of $30.74.
Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.68 EPS for the quarter. The firm 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. Investors of record on Thursday, July 3rd were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.8%.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lifted their target price on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $30.75.
Read Our Latest Analysis 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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