Charles Schwab Investment Management Inc. Acquires New Position in Millrose Properties, Inc. $MRP

Charles Schwab Investment Management Inc. acquired a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,687,692 shares of the company’s stock, valued at approximately $44,741,000. Charles Schwab Investment Management Inc. owned 1.02% of Millrose Properties at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MRP. Greenhaven Associates Inc. bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $209,111,000. GAMMA Investing LLC purchased a new position in Millrose Properties in the 1st quarter worth approximately $1,784,000. Asset Management Advisors LLC purchased a new position in Millrose Properties in the 1st quarter worth approximately $721,000. Rhumbline Advisers purchased a new position in Millrose Properties in the 1st quarter worth approximately $7,441,000. Finally, Merit Financial Group LLC purchased a new position in Millrose Properties in the 1st quarter worth approximately $552,000.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their price target on Millrose Properties from $28.00 to $31.50 and gave the stock a “buy” rating in a report on Thursday, May 15th.

Insider Activity

In other news, CTO Adil Pasha acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average cost of $28.34 per share, with a total value of $70,850.00. Following the acquisition, the chief technology officer directly owned 2,500 shares of the company’s stock, valued at approximately $70,850. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Millrose Properties Price Performance

NYSE MRP opened at $31.75 on Monday. The business has a 50 day simple moving average of $29.62. 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, Inc. has a 12 month low of $19.00 and a 12 month high of $32.60.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $149.00 million for the quarter.

Millrose Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 8.7%.

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.