21,406 Shares in Millrose Properties, Inc. (NYSE:MRP) Bought by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank acquired 21,406 shares of Millrose Properties, Inc. (NYSE:MRP) in the first quarter, valued at approximately $567,000.
• Millrose Properties recently announced a quarterly dividend of $0.69 per share, reflecting an annualized dividend of $2.76 and an 8.7% yield.
• Analysts have shown a positive outlook on Millrose Properties, with Goldman Sachs raising their price target from $28 to $31.50 and issuing a "buy" rating.

Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,406 shares of the company's stock, valued at approximately $567,000.

Several other institutional investors have also bought and sold shares of the business. CENTRAL TRUST Co purchased a new position in Millrose Properties in the first quarter worth about $27,000. Assetmark Inc. bought a new stake in shares of Millrose Properties in the 1st quarter valued at approximately $34,000. Allworth Financial LP purchased a new position in shares of Millrose Properties in the 1st quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $37,000. Finally, Advisors Preferred LLC purchased a new stake in Millrose Properties during the 1st quarter valued at $43,000.

Millrose Properties Stock Performance

MRP stock traded up $0.04 during midday trading on Friday, reaching $31.38. The company's stock had a trading volume of 890,463 shares, compared to its average volume of 2,084,817. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $31.79. The company's fifty day moving average price is $29.13. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17.

Millrose Properties (NYSE:MRP - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The company had revenue of $149.00 million for the quarter.

Millrose Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 8.8%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MRP. The Goldman Sachs Group increased their target price on shares of Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th. 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 on the stock.

Insider Buying and Selling at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson bought 7,500 shares of the business's stock in a transaction on Monday, May 19th. The shares were acquired 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 approximately $442,238.40. This trade represents a 91.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the stock in a transaction dated Monday, May 19th. The stock was acquired at an average cost of $28.36 per share, with a total value of $248,150.00. Following 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 position. The disclosure for this purchase can be found here. Insiders bought a total of 18,750 shares of company stock valued at $530,800 in the last ninety days.

About Millrose Properties

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.