Asset Management Advisors LLC Acquires Shares of 27,202 Millrose Properties, Inc. (NYSE:MRP)

Asset Management Advisors LLC purchased a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,202 shares of the company's stock, valued at approximately $721,000. Millrose Properties comprises approximately 0.5% of Asset Management Advisors LLC's holdings, making the stock its 14th largest position.

Separately, Greenhaven Associates Inc. acquired a new position in shares of Millrose Properties in the 1st quarter valued at about $209,111,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MRP shares. Citigroup started coverage on shares of Millrose Properties in a report on Monday, April 14th. They issued a "buy" rating and a $30.00 price target on the stock. The Goldman Sachs Group lifted 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.

Insider Buying and Selling at Millrose Properties

In related news, Director Matthew B. Gorson purchased 7,500 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $28.24 per share, with a total value of $211,800.00. Following the completion of the acquisition, the director now directly owns 15,660 shares of the company's stock, valued at approximately $442,238.40. The trade was a 91.91% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patrick J. Bartels, Jr. acquired 8,750 shares of Millrose Properties stock in a transaction on Monday, May 19th. The shares were bought at an average price of $28.36 per share, for a total transaction of $248,150.00. Following the completion of the purchase, the director now directly owns 14,410 shares in the company, valued at $408,667.60. The trade was a 154.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 18,750 shares of company stock valued at $530,800 in the last ninety days.

Millrose Properties Stock Performance

Shares of NYSE:MRP traded up $0.08 during mid-day trading on Wednesday, hitting $27.91. 316,551 shares of the company traded hands, compared to its average volume of 2,649,960. The stock's 50 day moving average price is $25.74. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $28.99.

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

Millrose Properties Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, April 4th.

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.