14,641 Shares in Millrose Properties, Inc. (NYSE:MRP) Purchased by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. acquired a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,641 shares of the company's stock, valued at approximately $388,000.

Other large investors also recently modified their holdings of the company. CENTRAL TRUST Co bought a new stake in Millrose Properties during the first quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new stake in Millrose Properties during the first quarter valued at approximately $37,000. Penserra Capital Management LLC bought a new stake in Millrose Properties during the first quarter valued at approximately $62,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Millrose Properties during the first quarter valued at approximately $66,000. Finally, GAMMA Investing LLC purchased a new position in shares of Millrose Properties during the first quarter worth approximately $67,000.

Millrose Properties Trading Up 1.2%

Shares of MRP traded up $0.36 during mid-day trading on Friday, reaching $29.86. The company's stock had a trading volume of 1,090,847 shares, compared to its average volume of 1,155,630. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.07 and a current ratio of 0.07. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $30.00. The stock's fifty day moving average price is $27.82.

Millrose Properties (NYSE:MRP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.39 earnings per share for the quarter. The business had revenue of $82.70 million during the quarter.

Millrose Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 9.24%.

Insider Activity at Millrose Properties

In other news, CTO Adil Pasha purchased 2,500 shares of the stock in a transaction that occurred on 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 acquisition, the chief technology officer directly owned 2,500 shares of the company's stock, valued at $70,850. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew B. Gorson purchased 7,500 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $28.24 per share, with a total value of $211,800.00. Following the completion of the acquisition, the director directly owned 15,660 shares in the company, valued at $442,238.40. The trade was a 91.91% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 18,750 shares of company stock worth $530,800 in the last three months.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MRP. Citigroup began coverage on shares of Millrose Properties in a report on Monday, April 14th. They issued a "buy" rating and a $30.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a report on Thursday, May 15th.

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.