Zurich Insurance Group Ltd FI Takes Position in Millrose Properties, Inc. $MRP

Key Points

• Zurich Insurance Group Ltd FI has made a new investment of approximately $195,000 in Millrose Properties, acquiring 7,362 shares during the first quarter.
• Goldman Sachs has raised its price target for Millrose Properties' shares from $28.00 to $31.50 and maintains a "buy" rating.
• Millrose Properties has announced a quarterly dividend of $0.69, resulting in an annualized yield of 7.9%.

Zurich Insurance Group Ltd FI acquired a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,362 shares of the company's stock, valued at approximately $195,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co acquired a new position in shares of Millrose Properties in the first quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Millrose Properties in the first quarter worth approximately $27,000. Summit Securities Group LLC acquired a new position in shares of Millrose Properties in the first quarter worth approximately $28,000. William B. Walkup & Associates Inc. acquired a new position in shares of Millrose Properties in the first quarter worth approximately $29,000. Finally, Allworth Financial LP acquired a new position in shares of Millrose Properties in the first quarter worth approximately $33,000.

Millrose Properties Stock Down 0.6%

Shares of Millrose Properties stock traded down $0.21 during midday trading on Friday, reaching $34.63. The company had a trading volume of 813,300 shares, compared to its average volume of 1,031,480. The stock has a fifty day moving average price of $32.12 and a 200 day moving average price of $27.93. 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 fifty-two week low of $19.00 and a fifty-two week high of $36.00.

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

Millrose Properties Dividend Announcement

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

Millrose Properties 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.