Greenhaven Associates Inc. Buys Shares of 7,888,017 Millrose Properties, Inc. (NYSE:MRP)

Greenhaven Associates Inc. bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,888,017 shares of the company's stock, valued at approximately $209,111,000. Millrose Properties makes up 3.3% of Greenhaven Associates Inc.'s investment portfolio, making the stock its 8th largest holding. Greenhaven Associates Inc. owned about 4.91% of Millrose Properties at the end of the most recent quarter.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup assumed coverage on Millrose Properties in a report on Monday, April 14th. They set a "buy" rating and a $30.00 target price on the stock. The Goldman Sachs Group boosted their price objective on shares of 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 Stock Down 0.1%

Millrose Properties stock traded down $0.03 during midday trading on Monday, reaching $27.84. The company's stock had a trading volume of 209,483 shares, compared to its average volume of 2,695,898. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $28.99. The firm's 50-day moving average is $25.68.

Millrose Properties (NYSE:MRP - Get Free Report) last released 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 for the quarter.

Millrose Properties Announces Dividend

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

Insider Activity at Millrose Properties

In other Millrose Properties news, CTO Adil Pasha acquired 2,500 shares of Millrose Properties stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $28.34 per share, with a total value of $70,850.00. Following the completion of the purchase, the chief technology officer now directly owns 2,500 shares in the company, valued at $70,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Patrick J. Bartels, Jr. acquired 8,750 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $28.36 per share, with a total value 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 $408,667.60. This trade represents a 154.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 22,208 shares of company stock valued at $608,432 in the last 90 days.

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.