Achmea Investment Management B.V. Acquires Shares of 10,248 Millrose Properties, Inc. (NYSE:MRP)

Achmea Investment Management B.V. bought a new position in shares of 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 fund bought 10,248 shares of the company's stock, valued at approximately $272,000.

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

Insider Buying and Selling at Millrose Properties

In related news, Director Patrick J. Bartels, Jr. bought 8,750 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of $28.36 per share, for a total transaction of $248,150.00. Following the acquisition, the director now owns 14,410 shares of the company's stock, valued at approximately $408,667.60. This trade represents a 154.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Adil Pasha bought 2,500 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was purchased at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the transaction, the chief technology officer now owns 2,500 shares of the company's stock, valued at $70,850. This trade represents a ∞ 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 quarter.

Analyst Upgrades and Downgrades

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

Millrose Properties Price Performance

Shares of MRP opened at $28.69 on Monday. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $28.99. The firm has a 50-day moving average price of $27.07. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.06.

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

Millrose Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 9.62%.

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.

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