12,200 Shares in Millrose Properties, Inc. (NYSE:MRP) Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,200 shares of the company's stock, valued at approximately $323,000.

Other hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co bought a new position in Millrose Properties during the first quarter worth $27,000. GAMMA Investing LLC bought a new stake in Millrose Properties in the first quarter valued at $67,000. Fifth Third Bancorp bought a new stake in Millrose Properties in the first quarter valued at $114,000. West Oak Capital LLC bought a new stake in Millrose Properties in the first quarter valued at $203,000. Finally, Fishman Jay A Ltd. MI bought a new stake in Millrose Properties in the first quarter valued at $214,000.

Insider Transactions at Millrose Properties

In other news, Director Matthew B. Gorson purchased 7,500 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of $28.24 per share, for a total transaction of $211,800.00. Following the completion of the acquisition, the director owned 15,660 shares in the company, valued at $442,238.40. This trade represents a 91.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $28.36 per share, for a total transaction of $248,150.00. Following the completion of the acquisition, the director owned 14,410 shares of the company's stock, valued at $408,667.60. The trade was a 154.59% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 18,750 shares of company stock valued at $530,800 over the last three months.

Analyst Ratings Changes

Several equities research analysts have weighed in on MRP shares. Citigroup started coverage on shares of Millrose Properties in a research note on Monday, April 14th. They issued a "buy" rating and a $30.00 price target for the company. The Goldman Sachs Group lifted their price target 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.

Millrose Properties Stock Up 1.2%

MRP opened at $29.86 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $27.82. Millrose Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $30.00.

Millrose Properties (NYSE:MRP - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.39 EPS for the quarter. The business had revenue of $82.70 million for the quarter.

Millrose Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 9.24%.

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.

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