43,641 Shares in Millrose Properties, Inc. (NYSE:MRP) Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,641 shares of the company's stock, valued at approximately $1,157,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MRP. CENTRAL TRUST Co purchased a new position in shares of Millrose Properties during the 1st quarter worth about $27,000. GAMMA Investing LLC purchased a new position in shares of Millrose Properties during the first quarter valued at approximately $67,000. Fifth Third Bancorp purchased a new position in shares of Millrose Properties during the first quarter valued at approximately $114,000. West Oak Capital LLC bought a new position in shares of Millrose Properties during the first quarter valued at approximately $203,000. Finally, Fishman Jay A Ltd. MI purchased a new stake in shares of Millrose Properties in the first quarter worth approximately $214,000.

Millrose Properties Stock Performance

Shares of Millrose Properties stock traded up $0.42 during trading on Friday, hitting $28.69. 2,242,602 shares of the stock traded hands, compared to its average volume of 849,981. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.06. The firm's fifty day moving average is $26.98. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $28.99.

Millrose Properties (NYSE:MRP - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.39 EPS for the quarter. The business had revenue of $82.70 million for the quarter.

Millrose Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 9.62%.

Wall Street Analyst Weigh In

MRP has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a report on Thursday, May 15th. Citigroup began 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.

Insiders Place Their Bets

In other news, CTO Adil Pasha purchased 2,500 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost 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 in the company, valued at $70,850. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick J. Bartels, Jr. acquired 8,750 shares of Millrose Properties stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $28.36 per share, with a total value of $248,150.00. Following the purchase, the director now 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. Insiders purchased a total of 18,750 shares of company stock worth $530,800 over the last 90 days.

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.