Greenhaven Associates Inc. Makes New Investment in Millrose Properties, Inc. (NYSE:MRP)

Greenhaven Associates Inc. bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,888,017 shares of the company's stock, valued at approximately $209,111,000. Millrose Properties accounts for about 3.3% of Greenhaven Associates Inc.'s holdings, making the stock its 8th largest holding. Greenhaven Associates Inc. owned 4.91% of Millrose Properties as of its most recent filing with the SEC.

Millrose Properties Stock Performance

Shares of NYSE MRP remained flat at $27.88 during midday trading on Friday. 1,556,524 shares of the company's stock were exchanged, compared to its average volume of 2,712,264. The stock has a 50 day moving average price of $25.68. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $28.99.

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 (EPS) for the quarter. The business had revenue of $82.70 million for the quarter.

Millrose Properties Announces Dividend

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

Insider Activity

In other Millrose Properties news, CTO Adil Pasha purchased 2,500 shares of Millrose Properties stock in a transaction that occurred on Wednesday, May 21st. The stock was acquired at an average price of $28.34 per share, with a total value of $70,850.00. Following the transaction, the chief technology officer now owns 2,500 shares in the company, valued at $70,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick J. Bartels, Jr. bought 8,750 shares of the firm's 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 completion of the transaction, the director now owns 14,410 shares of the company's stock, valued at $408,667.60. This represents a 154.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 28,108 shares of company stock valued at $743,188 in the last ninety days.

Analyst Ratings Changes

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

Millrose Properties Company 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.