Dimensional Fund Advisors Sells Large Stake in Millrose Properties Inc.
Dimensional Fund Advisors LP reduced its stake in Millrose Properties Inc. (NYSE: MRP) by 80.4% during the first quarter, according to a recent filing with the Securities and Exchange Commission. The fund sold 422,152 shares of the company's stock, leaving it with 102,647 shares worth approximately $2,870,000.
This is not an isolated incident - several other hedge funds have been buying and selling MRP stocks in recent quarters. For example, Parallel Advisors LLC increased its holdings by 50.2%, purchasing 2,315 additional shares. Swiss National Bank also grew its position by 25.5%.
In related news, Millrose Properties has reported a quarterly dividend of $0.77 per share, paid on July 15th to stockholders of record on July 6th. This represents an annualized dividend of $3.08 and a dividend yield of 10.4%. The company's payout ratio is 107.32%.