Mitsubishi UFJ Asset Management Co. Ltd. Invests $2.20 Million in Millrose Properties, Inc. (NYSE:MRP)

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 82,885 shares of the company's stock, valued at approximately $2,197,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co bought a new position in shares of Millrose Properties during the first quarter valued at $27,000. Allworth Financial LP bought a new position in shares of Millrose Properties during the first quarter valued at $33,000. Assetmark Inc. bought a new position in shares of Millrose Properties during the first quarter valued at $34,000. Golden State Wealth Management LLC bought a new position in shares of Millrose Properties during the first quarter valued at $37,000. Finally, Advisors Preferred LLC bought a new position in shares of Millrose Properties during the first quarter valued at $43,000.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their price target on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a report on Thursday, May 15th.

Millrose Properties Stock Performance

NYSE:MRP traded down $0.34 on Friday, hitting $31.75. 1,022,148 shares of the stock were exchanged, compared to its average volume of 960,934. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $32.60. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $29.62.

Millrose Properties (NYSE:MRP - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The firm had revenue of $149.00 million for the quarter.

Millrose Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 8.7%.

Insider Activity at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson acquired 7,500 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of $28.24 per share, for a total transaction of $211,800.00. Following the transaction, the director owned 15,660 shares of the company's stock, valued at $442,238.40. This trade represents a 91.91% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Adil Pasha acquired 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 directly owned 2,500 shares in the company, valued at $70,850. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 18,750 shares of company stock worth $530,800.

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.