43,114 Shares in Millrose Properties, Inc. (NYSE:MRP) Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. acquired a new stake 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 43,114 shares of the company's stock, valued at approximately $1,143,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenhaven Associates Inc. bought a new position in Millrose Properties in the first quarter worth about $209,111,000. Rhumbline Advisers bought a new position in Millrose Properties in the first quarter worth about $7,441,000. Asset Management One Co. Ltd. bought a new position in shares of Millrose Properties during the first quarter valued at approximately $4,629,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Millrose Properties during the first quarter valued at approximately $3,223,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Millrose Properties during the first quarter valued at approximately $2,223,000.

Insider Buying and Selling at Millrose Properties

In related news, CTO Adil Pasha acquired 2,500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the purchase, the chief technology officer owned 2,500 shares of the company's stock, 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 is accessible through the SEC website. Also, Director Patrick J. Bartels, Jr. bought 8,750 shares of Millrose Properties stock in a transaction that occurred on Monday, May 19th. The shares were acquired 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 of the company's stock, valued at $408,667.60. The trade was a 154.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 18,750 shares of company stock worth $530,800 over the last three months.

Analysts Set New Price Targets

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

Millrose Properties Stock Up 1.1%

Shares of NYSE:MRP opened at $28.90 on Thursday. The stock's 50 day moving average is $27.34. Millrose Properties, Inc. has a one year low of $19.00 and a one year 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.

Millrose Properties (NYSE:MRP - Get Free Report) last issued 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 company also recently announced 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 9.55%.

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.

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