Blair William & Co. IL Invests $351,000 in Millrose Properties, Inc. (NYSE:MRP)

Key Points

• Blair William & Co. IL purchased 13,244 shares of Millrose Properties, Inc. for approximately $351,000, reflecting significant interest from institutional investors in the company's stock.
• Insider transactions indicate high confidence; Director Matthew B. Gorson and Director Patrick J. Bartels, Jr. each increased their holdings by over 90%, purchasing a total of 18,750 shares valued at $530,800 in recent months.
• Millrose Properties declared a quarterly dividend of $0.69, resulting in an annualized dividend yield of 8.9%, showcasing the company's commitment to returning value to shareholders.

Blair William & Co. IL bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,244 shares of the company's stock, valued at approximately $351,000.

Other large investors have also recently bought and sold shares of the company. CENTRAL TRUST Co bought a new position in shares of Millrose Properties during the 1st quarter worth approximately $27,000. Allworth Financial LP bought a new position in shares of Millrose Properties in the first quarter valued at about $33,000. Assetmark Inc. acquired a new stake in shares of Millrose Properties during the 1st quarter worth about $34,000. Golden State Wealth Management LLC bought a new stake in shares of Millrose Properties during the 1st quarter worth about $37,000. Finally, Advisors Preferred LLC bought a new stake in shares of Millrose Properties during the 1st quarter worth about $43,000.

Millrose Properties Stock Performance

NYSE MRP traded down $0.26 during trading on Friday, reaching $31.83. The company's stock had a trading volume of 521,336 shares, compared to its average volume of 2,047,244. 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, Inc. has a 12 month low of $19.00 and a 12 month high of $32.60. The company has a 50 day moving average of $29.53.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter. The firm had revenue of $149.00 million during the quarter.

Millrose Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 8.7%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a report on Thursday, May 15th.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson acquired 7,500 shares of Millrose Properties stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average price of $28.24 per share, with a total value of $211,800.00. Following the completion of the purchase, the director directly owned 15,660 shares in the company, valued at $442,238.40. This trade represents a 91.91% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of Millrose Properties stock in a transaction on Monday, May 19th. The stock was bought at an average price of $28.36 per share, for a total transaction of $248,150.00. Following the transaction, the director directly owned 14,410 shares in the company, valued at approximately $408,667.60. The trade was a 154.59% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 18,750 shares of company stock worth $530,800.

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.