7,362 Shares in Millrose Properties, Inc. $MRP Bought by Zurich Insurance Group Ltd FI

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

Other institutional investors also recently bought and sold shares of the company. CENTRAL TRUST Co purchased a new stake in shares of Millrose Properties in the 1st quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Millrose Properties during the 1st quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new stake in Millrose Properties during the 1st quarter valued at approximately $28,000. William B. Walkup & Associates Inc. purchased a new stake in Millrose Properties during the 1st quarter valued at approximately $29,000. Finally, Assetmark Inc. purchased a new stake in Millrose Properties during the 1st quarter valued at approximately $34,000.

Millrose Properties Stock Up 1.3%

MRP traded up $0.44 on Monday, hitting $35.08. 254,919 shares of the company traded hands, compared to its average volume of 1,917,207. The company has a 50 day moving average of $32.12 and a 200-day moving average of $28.01. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month 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 for the quarter.

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.