KBC Group NV Invests $1.01 Million in Millrose Properties, Inc. (NYSE:MRP)

KBC Group NV 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 38,232 shares of the company's stock, valued at approximately $1,014,000.

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. GAMMA Investing LLC acquired a new position in shares of Millrose Properties during the first quarter worth about $1,784,000. Asset Management Advisors LLC acquired a new position in shares of Millrose Properties during the first quarter worth about $721,000. Rhumbline Advisers acquired a new position in shares of Millrose Properties during the first quarter worth about $7,441,000. Finally, Merit Financial Group LLC acquired a new position in shares of Millrose Properties during the first quarter worth about $552,000.

Millrose Properties Stock Performance

MRP traded down $0.55 on Tuesday, hitting $27.49. 1,199,708 shares of the company were exchanged, compared to its average volume of 978,201. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $28.99. 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 company has a fifty day moving average price of $27.58.

Millrose Properties (NYSE:MRP - Get Free Report) last released 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 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 paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 10.04%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Millrose Properties

In other Millrose Properties news, Director Patrick J. Bartels, Jr. acquired 8,750 shares of the company's stock in a transaction on 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 completion of 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 accessible through the SEC website. Also, Director Matthew B. Gorson acquired 7,500 shares of the company's stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $28.24 per share, for a total transaction of $211,800.00. Following the purchase, the director directly owned 15,660 shares of the company's stock, valued at approximately $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 acquired 18,750 shares of company stock worth $530,800 over the last 90 days.

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.