Cambridge Investment Research Advisors Inc. acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,200 shares of the company's stock, valued at approximately $323,000.
A number of other institutional investors have also recently bought and sold shares of MRP. CENTRAL TRUST Co purchased a new stake in shares of Millrose Properties during the 1st quarter worth about $27,000. GAMMA Investing LLC purchased a new stake in shares of Millrose Properties during the 1st quarter worth about $67,000. Fifth Third Bancorp bought a new position in Millrose Properties during the first quarter valued at about $114,000. West Oak Capital LLC bought a new position in Millrose Properties during the first quarter valued at about $203,000. Finally, Fishman Jay A Ltd. MI bought a new position in Millrose Properties during the first quarter valued at about $214,000.
Analyst Upgrades and Downgrades
MRP has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th. Citigroup started coverage on Millrose Properties in a research note on Monday, April 14th. They issued a "buy" rating and a $30.00 price objective on the stock.
Get Our Latest Research Report on Millrose Properties
Millrose Properties Stock Performance
NYSE:MRP traded down $0.01 during midday trading on Tuesday, reaching $30.24. The stock had a trading volume of 1,064,426 shares, compared to its average volume of 2,271,572. Millrose Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $30.75. The business has a fifty day moving average price of $27.90. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.06.
Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.39 EPS for the quarter. The business had revenue of $82.70 million during the quarter.
Millrose Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 9.13%.
Insiders Place Their Bets
In other news, CTO Adil Pasha acquired 2,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the transaction, the chief technology officer owned 2,500 shares in the company, valued at approximately $70,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Matthew B. Gorson acquired 7,500 shares of the stock in a transaction dated Monday, May 19th. The shares were purchased at an average price of $28.24 per share, for a total transaction of $211,800.00. Following the completion of the transaction, the director owned 15,660 shares of the company's stock, valued at $442,238.40. This trade represents a 91.91% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 18,750 shares of company stock valued at $530,800 in the last three months.
Millrose Properties Company Profile
(
Free Report)
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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