65,711 Shares in Millrose Properties, Inc. (NYSE:MRP) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 65,711 shares of the company's stock, valued at approximately $1,742,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenhaven Associates Inc. acquired a new stake in shares of Millrose Properties during the first quarter worth approximately $209,111,000. Rhumbline Advisers acquired a new position in Millrose Properties during the 1st quarter worth $7,441,000. Asset Management One Co. Ltd. bought a new stake in shares of Millrose Properties in the 1st quarter worth about $4,629,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Millrose Properties in the 1st quarter valued at about $3,223,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Millrose Properties in the 1st quarter valued at about $2,223,000.

Insider Activity at Millrose Properties

In other news, Director Matthew B. Gorson bought 7,500 shares of Millrose Properties stock in a transaction on Monday, May 19th. The stock was purchased at an average cost of $28.24 per share, with a total value 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Adil Pasha purchased 2,500 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the acquisition, the chief technology officer owned 2,500 shares of the company's stock, valued at approximately $70,850. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 18,750 shares of company stock worth $530,800 in the last ninety days.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup initiated coverage on Millrose Properties in a research note on Monday, April 14th. They issued a "buy" rating and a $30.00 price target for the company. The Goldman Sachs Group lifted their price objective 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.

Millrose Properties Price Performance

MRP traded down $0.85 on Friday, hitting $28.03. 714,096 shares of the company's stock were exchanged, compared to its average volume of 976,166. 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 fifty day simple moving average is $27.40. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $28.99.

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

Millrose Properties Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 9.85%.

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.