Louisiana State Employees Retirement System Purchases Shares of 56,600 Millrose Properties, Inc. (NYSE:MRP)

Louisiana State Employees Retirement System bought a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,600 shares of the company's stock, valued at approximately $1,500,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. CENTRAL TRUST Co bought a new position in Millrose Properties in the 1st quarter valued at approximately $27,000. Allworth Financial LP bought a new position in Millrose Properties in the 1st quarter valued at approximately $33,000. Golden State Wealth Management LLC bought a new position in Millrose Properties during the 1st quarter worth approximately $37,000. Penserra Capital Management LLC bought a new position in Millrose Properties during the 1st quarter worth approximately $62,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Millrose Properties during the 1st quarter worth approximately $66,000.

Millrose Properties Stock Performance

Shares of MRP stock traded down $0.02 during trading hours on Friday, hitting $30.71. 1,017,195 shares of the company were exchanged, compared to its average volume of 2,245,938. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $31.07. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.06. The company's 50 day simple moving average is $28.20.

Millrose Properties (NYSE:MRP - Get Free Report) last announced its quarterly earnings data 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 8.99%.

Insider Transactions 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 cost of $28.36 per share, with a total value of $248,150.00. Following the completion of the purchase, the director 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Adil Pasha acquired 2,500 shares of Millrose Properties stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average price of $28.34 per share, with a total value of $70,850.00. Following the completion of the acquisition, the chief technology officer directly owned 2,500 shares of the company's stock, valued at approximately $70,850. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 18,750 shares of company stock valued at $530,800 in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target 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 assumed coverage on shares of Millrose Properties in a report on Monday, April 14th. They set a "buy" rating and a $30.00 price target for the company.

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.