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

New York State Teachers Retirement System bought a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co bought a new stake in shares of Millrose Properties during the 1st quarter valued at $27,000. Golden State Wealth Management LLC bought a new stake in shares of Millrose Properties during the 1st quarter valued at $37,000. GAMMA Investing LLC bought a new stake in shares of Millrose Properties during the 1st quarter valued at $67,000. Bessemer Group Inc. bought a new stake in shares of Millrose Properties during the 1st quarter valued at $81,000. Finally, Fifth Third Bancorp bought a new stake in shares of Millrose Properties during the 1st quarter valued at $114,000.

Millrose Properties Stock Performance

MRP traded up $0.17 during trading on Tuesday, reaching $28.21. 31,977 shares of the stock traded hands, compared to its average volume of 2,297,697. The company has a 50-day simple moving average of $27.53. 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, Inc. has a 12 month low of $19.00 and a 12 month high of $28.99.

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

Millrose Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 9.78%.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Patrick J. Bartels, Jr. acquired 8,750 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost of $28.36 per share, with a total value of $248,150.00. Following the acquisition, the director owned 14,410 shares in the company, valued at approximately $408,667.60. This represents a 154.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Matthew B. Gorson acquired 7,500 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of $28.24 per share, with a total value 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 position. The disclosure for this purchase can be found here. Insiders purchased a total of 18,750 shares of company stock worth $530,800 in the last quarter.

Wall Street Analysts Forecast Growth

MRP has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of Millrose Properties in a research report on Monday, April 14th. They issued a "buy" rating and a $30.00 price objective for the company. The Goldman Sachs Group increased their target price on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a report on Thursday, May 15th.

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.