Handelsbanken Fonder AB Acquires New Stake in Millrose Properties, Inc. (NYSE:MRP)

Handelsbanken Fonder AB purchased a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 54,060 shares of the company's stock, valued at approximately $1,433,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Millrose Properties during the first quarter valued at $67,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Millrose Properties during the first quarter valued at $272,000. Pallas Capital Advisors LLC purchased a new stake in shares of Millrose Properties during the first quarter valued at $377,000. Merit Financial Group LLC purchased a new stake in shares of Millrose Properties during the first quarter valued at $552,000. Finally, Asset Management Advisors LLC purchased a new stake in shares of Millrose Properties during the first quarter valued at $721,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup began coverage on shares of Millrose Properties in a report on Monday, April 14th. They set a "buy" rating and a $30.00 price objective on the stock. The Goldman Sachs Group increased their target price 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.

Millrose Properties Price Performance

NYSE:MRP traded down $0.17 during midday trading on Friday, hitting $27.17. 618,688 shares of the company were exchanged, compared to its average volume of 2,491,726. The stock has a fifty day moving average of $26.13. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $28.99.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings results 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 -- dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th were issued a $0.38 dividend. The ex-dividend date was Friday, April 4th.

Insider Activity at Millrose Properties

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