Carmel Capital Partners LLC Takes Position in Millrose Properties, Inc. (NYSE:MRP)

Carmel Capital Partners LLC bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 72,686 shares of the company's stock, valued at approximately $1,927,000. Millrose Properties accounts for about 0.8% of Carmel Capital Partners LLC's holdings, making the stock its 27th largest holding.

Other hedge funds have also recently made changes to their positions in the company. CENTRAL TRUST Co bought a new stake in Millrose Properties in the first quarter worth $27,000. Allworth Financial LP bought a new position in shares of Millrose Properties during the first quarter valued at $33,000. Golden State Wealth Management LLC bought a new position in shares of Millrose Properties during the first quarter valued at $37,000. Penserra Capital Management LLC bought a new position in shares of Millrose Properties during the first quarter valued at $62,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Millrose Properties during the first quarter valued at $66,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MRP. Citigroup began coverage on Millrose Properties in a report on Monday, April 14th. They set a "buy" rating and a $30.00 price target on the stock. The Goldman Sachs Group upped their price objective 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 Price Performance

Millrose Properties stock traded down $0.02 during midday trading on Friday, reaching $30.71. 1,025,099 shares of the stock traded hands, compared to its average volume of 1,171,735. The business's fifty day moving average price is $28.31. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $31.07. 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 (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 company had revenue of $82.70 million during the quarter.

Millrose Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.99%.

Insider Buying and Selling

In other Millrose Properties news, Director Patrick J. Bartels, Jr. bought 8,750 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $28.36 per share, for a total transaction of $248,150.00. Following the purchase, the director directly owned 14,410 shares in the company, valued at $408,667.60. This represents a 154.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Adil Pasha bought 2,500 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average price of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the purchase, the chief technology officer owned 2,500 shares in the company, valued at $70,850. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 18,750 shares of company stock valued at $530,800.

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.