New York State Common Retirement Fund Takes $1.57 Million Position in Millrose Properties, Inc. (NYSE:MRP)

New York State Common Retirement Fund bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 59,336 shares of the company's stock, valued at approximately $1,573,000.

A number of other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co purchased a new position in Millrose Properties in the 1st quarter worth approximately $27,000. Allworth Financial LP purchased a new position in Millrose Properties in the 1st quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new position in Millrose Properties in the 1st quarter worth approximately $37,000. Penserra Capital Management LLC purchased a new position in Millrose Properties in the 1st quarter worth approximately $62,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Millrose Properties in the 1st quarter worth approximately $66,000.

Analysts Set New Price Targets

MRP has been the subject of a number of analyst reports. Citigroup initiated coverage on Millrose Properties in a report on Monday, April 14th. They issued a "buy" rating and a $30.00 price target for the company. The Goldman Sachs Group upped their price target on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a report on Thursday, May 15th.

Millrose Properties Stock Performance

Shares of MRP traded down $0.11 during trading on Monday, reaching $30.83. The company's stock had a trading volume of 557,810 shares, compared to its average volume of 1,125,003. The business's fifty day moving average price is $28.70. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $31.48. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.06.

Millrose Properties (NYSE:MRP - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.39 earnings per share (EPS) 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 was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 8.95%.

Insider Activity at Millrose Properties

In other news, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of $28.36 per share, with a total value of $248,150.00. Following the transaction, the director owned 14,410 shares in the company, valued at approximately $408,667.60. The trade was a 154.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Adil Pasha purchased 2,500 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the transaction, the chief technology officer owned 2,500 shares in the company, valued at approximately $70,850. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 18,750 shares of company stock valued at $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.