New York State Teachers Retirement System Acquires New Position in Millrose Properties, Inc. (NYSE:MRP)

New York State Teachers Retirement System purchased a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 140,954 shares of the company's stock, valued at approximately $3,737,000. New York State Teachers Retirement System owned about 0.08% of Millrose Properties as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MRP. Greenhaven Associates Inc. bought a new stake in Millrose Properties in the 1st quarter valued at $209,111,000. GAMMA Investing LLC purchased a new position in shares of Millrose Properties in the 1st quarter worth approximately $1,784,000. Asset Management Advisors LLC purchased a new stake in Millrose Properties during the 1st quarter worth approximately $721,000. Rhumbline Advisers purchased a new stake in Millrose Properties during the 1st quarter worth approximately $7,441,000. Finally, Merit Financial Group LLC purchased a new stake in Millrose Properties during the 1st quarter worth approximately $552,000.

Millrose Properties Stock Performance

NYSE:MRP traded up $0.53 during trading hours on Thursday, reaching $29.49. 1,435,422 shares of the company were exchanged, compared to its average volume of 2,304,302. The stock has a 50-day moving average of $27.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.07 and a current ratio of 0.07. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $29.94.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its 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 Dividend Announcement

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 $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 9.36%.

Insider Activity

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

Analyst Ratings Changes

MRP has been the topic of several research analyst reports. Citigroup began coverage on shares of Millrose Properties in a research report on Monday, April 14th. They set a "buy" rating and a $30.00 target price on the stock. 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 report on Thursday, May 15th.

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.