Hennion & Walsh Asset Management Inc. Takes Position in Millrose Properties, Inc. (NYSE:MRP)

Hennion & Walsh Asset Management Inc. purchased a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,267 shares of the company's stock, valued at approximately $272,000.

Other large investors also recently modified their holdings of the company. Greenhaven Associates Inc. bought a new position in shares of Millrose Properties in the 1st quarter valued at $209,111,000. Merit Financial Group LLC bought a new position in Millrose Properties during the 1st quarter worth $552,000. Asset Management Advisors LLC bought a new position in Millrose Properties during the 1st quarter worth $721,000. Rhumbline Advisers bought a new position in Millrose Properties during the 1st quarter worth $7,441,000. Finally, GAMMA Investing LLC bought a new position in Millrose Properties during the 1st quarter worth $1,784,000.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup assumed coverage on Millrose Properties in a research report on Monday, April 14th. They set a "buy" rating and a $30.00 target price for the company. The Goldman Sachs Group raised their target price on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th.

Insiders Place Their Bets

In other news, CTO Adil Pasha bought 2,500 shares of Millrose Properties stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the purchase, the chief technology officer now directly owns 2,500 shares in the company, valued at approximately $70,850. This represents a ∞ increase in their position. The purchase 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 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 directly owns 14,410 shares in the company, 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. In the last ninety days, insiders acquired 18,750 shares of company stock worth $530,800.

Millrose Properties Stock Down 0.6%

NYSE:MRP traded down $0.17 during trading hours on Friday, hitting $27.17. 618,688 shares of the company were exchanged, compared to its average volume of 2,491,726. The business's fifty day moving average is $26.04. Millrose Properties, Inc. has a one year low of $19.00 and a one year 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 for the quarter. The business had revenue of $82.70 million for 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 dividend of $0.38 per share. The ex-dividend date was Friday, April 4th.

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.