Caas Capital Management LP Invests $6.49 Million in Millrose Properties, Inc. (NYSE:MRP)

Caas Capital Management LP bought a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 244,894 shares of the company's stock, valued at approximately $6,492,000. Millrose Properties makes up 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Greenhaven Associates Inc. bought a new position in Millrose Properties during the first quarter valued at about $209,111,000. GAMMA Investing LLC purchased a new stake in shares of Millrose Properties in the first quarter worth about $1,784,000. Asset Management Advisors LLC purchased a new stake in shares of Millrose Properties in the first quarter worth about $721,000. Rhumbline Advisers purchased a new stake in Millrose Properties in the first quarter valued at approximately $7,441,000. Finally, Merit Financial Group LLC purchased a new stake in Millrose Properties in the first quarter valued at approximately $552,000.

Analyst Ratings Changes

Several research analysts have commented on MRP shares. The Goldman Sachs Group lifted their price target on shares of Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Citigroup started coverage on shares of Millrose Properties in a report on Monday, April 14th. They issued a "buy" rating and a $30.00 target price on the stock.

Insiders Place Their Bets

In other Millrose Properties news, CTO Adil Pasha purchased 2,500 shares of Millrose Properties stock in a transaction dated Wednesday, May 21st. The stock was purchased at an average price 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 of the company's stock, valued at $70,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of Millrose Properties stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $28.36 per share, with a total value of $248,150.00. Following the transaction, the director directly owned 14,410 shares in the company, valued at approximately $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. In the last 90 days, insiders acquired 18,750 shares of company stock valued at $530,800.

Millrose Properties Stock Performance

Millrose Properties stock traded up $0.36 on Friday, hitting $29.86. 1,090,847 shares of the stock traded hands, compared to its average volume of 1,155,630. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $27.82. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $30.00.

Millrose Properties (NYSE:MRP - Get Free Report) last announced its quarterly earnings data 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 quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 9.24%.

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.