24,324 Shares in Millrose Properties, Inc. $MRP Purchased by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd has acquired a new position in Millrose Properties, purchasing 24,324 shares valued at approximately $644,000.
• Analysts from Goldman Sachs have raised their target price for Millrose Properties from $28.00 to $31.50, maintaining a "buy" rating.
• Millrose Properties recently declared a quarterly dividend of $0.69 per share, which translates to an annual yield of 8.0%.

USS Investment Management Ltd purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,324 shares of the company's stock, valued at approximately $644,000.

A number of 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 worth about $488,156,000. Brave Warrior Advisors LLC purchased a new stake in shares of Millrose Properties during the first quarter worth about $210,988,000. Greenhaven Associates Inc. purchased a new stake in shares of Millrose Properties during the first quarter worth about $209,111,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Millrose Properties during the first quarter worth about $84,773,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Millrose Properties during the first quarter worth about $75,729,000.

Millrose Properties Price Performance

Shares of Millrose Properties stock traded down $0.21 during trading on Friday, reaching $34.63. 813,300 shares of the stock were exchanged, compared to its average volume of 1,021,038. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. The stock's fifty day moving average is $32.12 and its 200 day moving average is $28.01. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $36.00.

Millrose Properties (NYSE:MRP - Get Free Report) last posted 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 for the quarter.

Millrose Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 8.0%.

About Millrose Properties

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.