Nisa Investment Advisors LLC Acquires New Shares in Millrose Properties, Inc. (NYSE:MRP)

Nisa Investment Advisors LLC acquired a new position in shares of 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 and Exchange Commission. The firm acquired 46,407 shares of the company's stock, valued at approximately $1,230,000.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MRP. Citigroup began 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 raised their price target on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th.

Insiders Place Their Bets

In other Millrose Properties news, Director Patrick J. Bartels, Jr. bought 8,750 shares of Millrose Properties stock in a transaction 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 acquisition, the director owned 14,410 shares in the company, valued at $408,667.60. This trade represents a 154.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Adil Pasha bought 2,500 shares of Millrose Properties stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the acquisition, 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. Insiders have purchased a total of 18,750 shares of company stock worth $530,800 in the last 90 days.

Millrose Properties Stock Up 2.0%

MRP stock traded up $0.60 during mid-day trading on Wednesday, reaching $30.80. The company had a trading volume of 1,391,456 shares, compared to its average volume of 1,210,487. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $30.99. The stock's 50 day moving average is $28.10. 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 released its quarterly earnings data 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.96%.

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.