155,832 Shares in Millrose Properties, Inc. (NYSE:MRP) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 large investors have also recently added to or reduced their stakes in the business. Greenhaven Associates Inc. acquired a new stake in Millrose Properties in the 1st quarter valued at approximately $209,111,000. Rhumbline Advisers acquired a new stake in Millrose Properties in the 1st quarter valued at approximately $7,441,000. Asset Management One Co. Ltd. acquired a new stake in Millrose Properties in the 1st quarter valued at approximately $4,629,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Millrose Properties in the 1st quarter valued at approximately $4,392,000. Finally, New York State Teachers Retirement System acquired a new stake in Millrose Properties in the 1st quarter valued at approximately $3,737,000.

Analysts Set New Price Targets

MRP has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research report on Thursday, May 15th. Citigroup began coverage on Millrose Properties in a research report on Monday, April 14th. They set a "buy" rating and a $30.00 price target on the stock.

Insider Buying and Selling

In other Millrose Properties news, CTO Adil Pasha bought 2,500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of $28.34 per share, with a total value of $70,850.00. Following the completion of the transaction, the chief technology officer directly owned 2,500 shares in the company, valued at approximately $70,850. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew B. Gorson bought 7,500 shares of the firm's stock in a transaction dated 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 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 18,750 shares of company stock worth $530,800 in the last three months.

Millrose Properties Stock Performance

Shares of MRP stock opened at $28.03 on Tuesday. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $28.99. The firm's fifty day moving average price is $27.53. 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 issued its earnings results on Wednesday, May 14th. The company reported $0.39 earnings per share (EPS) for the quarter. The company 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 $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 9.85%.

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.

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