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Teacher Retirement System of Texas Invests $4.13 Million in Millrose Properties, Inc. (NYSE:MRP)

Millrose Properties logo with Finance background

Teacher Retirement System of Texas acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 155,832 shares of the company's stock, valued at approximately $4,131,000. Teacher Retirement System of Texas owned 0.09% of Millrose Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MRP. Greenhaven Associates Inc. acquired a new position in shares of Millrose Properties during the first quarter worth about $209,111,000. Rhumbline Advisers acquired a new position in shares of Millrose Properties during the first quarter worth about $7,441,000. Asset Management One Co. Ltd. acquired a new position in shares of Millrose Properties during the first quarter worth about $4,629,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Millrose Properties during the first quarter worth about $4,392,000. Finally, New York State Teachers Retirement System acquired a new position in Millrose Properties during the first quarter valued at approximately $3,737,000.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup assumed coverage on Millrose Properties in a research report on Monday, April 14th. They set a "buy" rating and a $30.00 price target for the company. The Goldman Sachs Group increased their price target on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research report on Thursday, May 15th.

Get Our Latest Analysis on Millrose Properties

Millrose Properties Stock Performance

NYSE MRP traded up $0.36 during trading hours on Friday, hitting $29.86. 1,090,847 shares of the company traded hands, compared to its average volume of 2,292,967. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $30.00. The stock has a 50-day simple moving average of $27.74. 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 (NYSE:MRP - Get Free Report) last posted its quarterly 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 announced 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 annualized dividend and a dividend yield of 9.24%.

Insider Buying and Selling

In other news, Director Matthew B. Gorson bought 7,500 shares of the stock in a transaction dated Monday, May 19th. The shares were bought at an average price of $28.24 per share, for a total transaction of $211,800.00. Following the completion of the purchase, the director owned 15,660 shares in the company, valued at approximately $442,238.40. This trade represents a 91.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick J. Bartels, Jr. bought 8,750 shares of the stock in a transaction dated Monday, May 19th. The shares were purchased at an average price of $28.36 per share, for a total transaction of $248,150.00. Following the purchase, the director 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. In the last 90 days, insiders purchased 18,750 shares of company stock valued at $530,800.

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.

See Also

Institutional Ownership by Quarter for Millrose Properties (NYSE:MRP)

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