Asset Management Advisors LLC Invests $721,000 in Millrose Properties, Inc. (NYSE:MRP)

Asset Management Advisors LLC purchased a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,202 shares of the company's stock, valued at approximately $721,000. Millrose Properties accounts for approximately 0.5% of Asset Management Advisors LLC's investment portfolio, making the stock its 14th biggest holding.

Separately, GAMMA Investing LLC bought a new position in Millrose Properties in the 1st quarter worth approximately $1,784,000.

Insider Buying and Selling

In related news, CTO Adil Pasha purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was bought at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the transaction, the chief technology officer now directly owns 2,500 shares in the company, valued at $70,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew B. Gorson purchased 7,500 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $28.24 per share, with a total value of $211,800.00. Following the completion of the transaction, the director now owns 15,660 shares of the company's stock, valued at $442,238.40. The trade was a 91.91% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 22,208 shares of company stock worth $608,432 over the last three months.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MRP. Citigroup began coverage on Millrose Properties in a research report on Monday, April 14th. They set a "buy" rating and a $30.00 target price for the company. 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 research report on Thursday, May 15th.

Millrose Properties Stock Performance

Shares of NYSE MRP traded down $0.21 during midday trading on Monday, reaching $27.66. 710,239 shares of the stock traded hands, compared to its average volume of 2,702,497. Millrose Properties, Inc. has a one year low of $19.00 and a one year high of $28.99. The stock has a 50 day moving average of $25.68.

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

Millrose Properties Dividend Announcement

The business also recently declared a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 4th were given a $0.38 dividend. The ex-dividend date was Friday, April 4th.

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.