New York State Teachers Retirement System Takes $3.74 Million Position in Millrose Properties, Inc. (NYSE:MRP)

New York State Teachers Retirement System purchased a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 140,954 shares of the company's stock, valued at approximately $3,737,000. New York State Teachers Retirement System owned approximately 0.08% of Millrose Properties as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in Millrose Properties during the first quarter worth $974,000. KBC Group NV acquired a new position in Millrose Properties during the first quarter worth $1,014,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Millrose Properties during the first quarter worth $4,392,000. Achmea Investment Management B.V. acquired a new position in Millrose Properties during the first quarter worth $272,000. Finally, Illinois Municipal Retirement Fund acquired a new position in Millrose Properties during the first quarter worth $1,742,000.

Millrose Properties Price Performance

NYSE:MRP remained flat at $28.03 during trading hours on Monday. The company had a trading volume of 923,603 shares, compared to its average volume of 2,319,749. The business has a 50-day moving average price of $27.47. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.06. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $28.99.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $82.70 million for the quarter.

Millrose Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 9.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MRP shares. The Goldman Sachs Group increased 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 began 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.

Insider Buying and Selling

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

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.