244,894 Shares in Millrose Properties, Inc. (NYSE:MRP) Acquired by Caas Capital Management LP

Caas Capital Management LP bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 244,894 shares of the company's stock, valued at approximately $6,492,000. Millrose Properties comprises about 0.7% of Caas Capital Management LP's portfolio, making the stock its 9th biggest holding. Caas Capital Management LP owned approximately 0.15% of Millrose Properties as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MRP. State of Michigan Retirement System acquired a new stake in shares of Millrose Properties in the first quarter valued at approximately $263,000. Allworth Financial LP purchased a new position in shares of Millrose Properties during the 1st quarter worth $33,000. Mraz Amerine & Associates Inc. purchased a new position in shares of Millrose Properties during the 1st quarter worth $388,000. Nisa Investment Advisors LLC purchased a new position in shares of Millrose Properties during the 1st quarter worth $1,230,000. Finally, M&T Bank Corp purchased a new position in shares of Millrose Properties during the 1st quarter worth $553,000.

Millrose Properties Stock Up 1.3%

Shares of NYSE:MRP traded up $0.38 during midday trading on Monday, reaching $30.25. 1,273,089 shares of the company's stock were exchanged, compared to its average volume of 2,283,529. The stock has a 50 day moving average price of $27.82. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.06. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $30.67.

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

Millrose Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 9.12%.

Insider Buying and Selling at Millrose Properties

In other news, CTO Adil Pasha bought 2,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was bought at an average cost of $28.34 per share, with a total value of $70,850.00. Following the transaction, the chief technology officer directly owned 2,500 shares in the company, valued at $70,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew B. Gorson bought 7,500 shares of the company's stock in a transaction on Monday, May 19th. The stock was purchased at an average cost of $28.24 per share, with a total value of $211,800.00. Following the completion of the transaction, the director owned 15,660 shares in the company, valued at $442,238.40. This represents a 91.91% 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 three months.

Wall Street Analysts Forecast Growth

MRP has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Citigroup initiated coverage on Millrose Properties in a research report on Monday, April 14th. They set a "buy" rating and a $30.00 price objective for the company.

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.