Russell Investments Group Ltd. Acquires Shares of 172,334 Millrose Properties, Inc. $MRP

Russell Investments Group Ltd. acquired a new stake in Millrose Properties, Inc. (NYSE:MRP) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 172,334 shares of the company’s stock, valued at approximately $4,569,000. Russell Investments Group Ltd. owned about 0.10% of Millrose Properties as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC purchased a new stake in Millrose Properties in the 1st quarter valued at about $1,190,000. Bessemer Group Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $81,000. Blair William & Co. IL bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $351,000. Pacific Heights Asset Management LLC bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $8,748,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $659,000.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price target on shares of Millrose Properties from $28.00 to $31.50 and gave the stock a “buy” rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $30.75.

Millrose Properties Trading Up 2.9%

Millrose Properties stock opened at $34.30 on Friday. Millrose Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $34.56. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $30.15.

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

Millrose Properties Dividend Announcement

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

Millrose Properties Company 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.