Amalgamated Bank Invests $974,000 in Millrose Properties, Inc. (NYSE:MRP)

Amalgamated Bank bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,743 shares of the company's stock, valued at approximately $974,000.

A number of other large investors have also recently added to or reduced their stakes in MRP. CENTRAL TRUST Co bought a new position in shares of Millrose Properties in the 1st quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of Millrose Properties in the 1st quarter valued at about $37,000. GAMMA Investing LLC bought a new position in shares of Millrose Properties in the 1st quarter valued at about $67,000. Bessemer Group Inc. bought a new position in shares of Millrose Properties in the 1st quarter valued at about $81,000. Finally, Fifth Third Bancorp bought a new stake in shares of Millrose Properties during the 1st quarter worth about $114,000.

Insider Buying and Selling at Millrose Properties

In other Millrose Properties news, CTO Adil Pasha acquired 2,500 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was purchased at an average price of $28.34 per share, with a total value of $70,850.00. Following the acquisition, the chief technology officer directly owned 2,500 shares of the company's stock, valued at approximately $70,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the business's stock in a transaction dated Monday, May 19th. The shares were purchased 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 $408,667.60. This trade represents a 154.59% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 18,750 shares of company stock valued at $530,800 in the last quarter.

Millrose Properties Stock Performance

Shares of MRP stock traded up $0.36 during midday trading on Friday, hitting $29.86. 1,090,847 shares of the company were exchanged, compared to its average volume of 1,155,630. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a 50 day moving average price of $27.82. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $30.00.

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

Millrose Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 yield of 9.24%.

Wall Street Analyst Weigh In

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

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.