Alaska Permanent Fund Corp Takes Position in 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 stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,377 shares of the company's stock, valued at approximately $285,000.

Other institutional investors have also recently bought and sold shares of the company. CENTRAL TRUST Co purchased a new stake in Millrose Properties in the first quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new stake in Millrose Properties in the first quarter valued at approximately $28,000. William B. Walkup & Associates Inc. purchased a new stake in Millrose Properties in the first quarter valued at approximately $29,000. Allworth Financial LP purchased a new stake in Millrose Properties in the first quarter valued at approximately $33,000. Finally, Assetmark Inc. purchased a new stake in Millrose Properties in the first quarter valued at approximately $34,000.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their target price 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. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Millrose Properties has an average rating of "Buy" and a consensus price target of $30.75.

Millrose Properties Price Performance

MRP traded up $0.96 during trading on Friday, hitting $34.30. 997,895 shares of the company's stock were exchanged, compared to its average volume of 983,845. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $34.56. The stock's 50 day moving average is $30.15.

Millrose Properties (NYSE:MRP - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $149.00 million for 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 given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.0%.

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.