American Century Companies Inc. Buys New Holdings in Millrose Properties, Inc. $MRP

American Century Companies Inc. bought a new stake in Millrose Properties, Inc. (NYSE:MRP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,819 shares of the company’s stock, valued at approximately $631,000.

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

Analyst Upgrades and Downgrades

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

Millrose Properties Price Performance

Shares of MRP opened at $34.25 on Friday. The business’s 50 day moving average is $31.38 and its two-hundred day moving average is $27.58. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $36.00. 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 (NYSE:MRP) last posted its quarterly earnings results 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 8.1%.

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.