Alaska Permanent Fund Corp Acquires Shares of 11,377 Millrose Properties, Inc. $MRP

Key Points

• The Alaska Permanent Fund Corp has made a new investment in Millrose Properties, Inc. by acquiring 11,377 shares valued at approximately $285,000.
• Several institutional investors, including Vanguard Group and Greenhaven Associates, have also significantly increased their stakes in Millrose Properties during the 1st quarter of the year.
• Goldman Sachs upgraded Millrose Properties' price target from $28.00 to $31.50 and currently rates the stock as a "buy" with a consensus target price of $30.75.

Alaska Permanent Fund Corp bought a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,377 shares of the company's stock, valued at approximately $285,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CENTRAL TRUST Co bought a new position in shares of Millrose Properties during the first quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in Millrose Properties during the 1st quarter valued at about $28,000. William B. Walkup & Associates Inc. purchased a new stake in Millrose Properties during the 1st quarter valued at about $29,000. Allworth Financial LP purchased a new stake in Millrose Properties during the 1st quarter valued at about $33,000. Finally, Assetmark Inc. purchased a new stake in Millrose Properties during the 1st quarter valued at about $34,000.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their target price on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $30.75.

Millrose Properties Trading Up 0.9%

Shares of MRP traded up $0.30 on Tuesday, reaching $35.02. The stock had a trading volume of 318,598 shares, compared to its average volume of 1,991,761. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. The company's 50-day moving average price is $30.30. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $35.05.

Millrose Properties (NYSE:MRP - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter. The firm had revenue of $149.00 million during the quarter.

Millrose Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.9%.

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.