36,743 Shares in Millrose Properties, Inc. (NYSE:MRP) Bought by Amalgamated Bank

Amalgamated Bank purchased a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,743 shares of the company's stock, valued at approximately $974,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co purchased a new position in Millrose Properties during the 1st quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new position in Millrose Properties during the first quarter worth $37,000. GAMMA Investing LLC acquired a new position in shares of Millrose Properties in the first quarter worth $67,000. Bessemer Group Inc. purchased a new stake in shares of Millrose Properties in the first quarter valued at $81,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Millrose Properties during the first quarter valued at $114,000.

Analysts Set New Price Targets

MRP has been the subject of several analyst reports. The Goldman Sachs Group boosted 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 started 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.

Insider Buying and Selling

In related news, Director Patrick J. Bartels, Jr. acquired 8,750 shares of the stock in a transaction dated 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 purchase, the director directly owned 14,410 shares of the company's stock, valued at approximately $408,667.60. This represents a 154.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew B. Gorson bought 7,500 shares of Millrose Properties stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of $28.24 per share, for a total transaction of $211,800.00. Following the acquisition, the director directly owned 15,660 shares of the company's stock, valued at $442,238.40. The trade was a 91.91% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 18,750 shares of company stock valued at $530,800.

Millrose Properties Stock Performance

MRP stock opened at $27.49 on Wednesday. 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, Inc. has a 52-week low of $19.00 and a 52-week high of $28.99. The business's fifty day simple moving average is $27.58.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.39 earnings per share (EPS) 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. Investors of record on Thursday, July 3rd will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 10.04%.

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.

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