Asset Management One Co. Ltd. bought a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 174,598 shares of the company's stock, valued at approximately $4,629,000. Asset Management One Co. Ltd. owned about 0.11% of Millrose Properties at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co acquired a new position in Millrose Properties in the 1st quarter valued at about $27,000. GAMMA Investing LLC acquired a new position in Millrose Properties in the 1st quarter valued at about $67,000. Fifth Third Bancorp acquired a new position in Millrose Properties in the 1st quarter valued at about $114,000. West Oak Capital LLC acquired a new position in Millrose Properties in the 1st quarter valued at about $203,000. Finally, Fishman Jay A Ltd. MI acquired a new position in Millrose Properties in the 1st quarter valued at about $214,000.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Citigroup assumed 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 for the company. The Goldman Sachs Group upped their price objective on shares of Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th.
Read Our Latest Stock Report on MRP
Millrose Properties Trading Up 1.5%
Shares of NYSE:MRP opened at $28.69 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.07 and a quick ratio of 0.07. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $28.99. The business's 50-day moving average price is $27.07.
Millrose Properties (NYSE:MRP - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.39 earnings per share for the quarter. The company had revenue of $82.70 million during the quarter.
Millrose Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 9.62%.
Insider Buying and Selling
In related news, CTO Adil Pasha bought 2,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were purchased at an average cost of $28.34 per share, with a total value of $70,850.00. Following the completion of the transaction, the chief technology officer now directly owns 2,500 shares of the company's stock, valued at approximately $70,850. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $28.36 per share, for a total transaction of $248,150.00. Following the completion of the acquisition, the director now directly owns 14,410 shares of the company's stock, valued at approximately $408,667.60. This trade represents a 154.59% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 18,750 shares of company stock worth $530,800 over the last ninety days.
About Millrose Properties
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding MRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Millrose Properties, Inc. (NYSE:MRP - Free Report).
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