Handelsbanken Fonder AB Takes $1.43 Million Position in Millrose Properties, Inc. (NYSE:MRP)

Handelsbanken Fonder AB purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 54,060 shares of the company's stock, valued at approximately $1,433,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MRP. GAMMA Investing LLC bought a new position in shares of Millrose Properties in the first quarter valued at approximately $67,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Millrose Properties during the first quarter worth approximately $272,000. Pallas Capital Advisors LLC acquired a new position in Millrose Properties during the 1st quarter worth $377,000. Merit Financial Group LLC bought a new position in Millrose Properties in the first quarter valued at about $552,000. Finally, Asset Management Advisors LLC bought a new position in shares of Millrose Properties in the 1st quarter valued at about $721,000.

Millrose Properties Price Performance

MRP traded up $0.40 during midday trading on Wednesday, reaching $28.20. 411,865 shares of the company were exchanged, compared to its average volume of 2,438,064. Millrose Properties, Inc. has a one year low of $19.00 and a one year high of $28.99. The company's 50-day simple moving average is $26.31. 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 released 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 during the quarter.

Millrose Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 9.79%.

Insider Transactions at Millrose Properties

In related news, Director Patrick J. Bartels, Jr. purchased 8,750 shares of Millrose Properties stock in a transaction that occurred on Monday, May 19th. The stock was purchased 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 approximately $408,667.60. This trade represents a 154.59% 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, CTO Adil Pasha bought 2,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average price of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the acquisition, the chief technology officer now owns 2,500 shares of the company's stock, valued at $70,850. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 18,750 shares of company stock valued at $530,800 over the last three months.

Wall Street Analyst Weigh In

MRP has been the topic of several analyst reports. Citigroup started coverage on shares of Millrose Properties in a report on Monday, April 14th. They issued a "buy" rating and a $30.00 price objective on the stock. The Goldman Sachs Group increased their price target on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th.

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.