Oregon Public Employees Retirement Fund Takes $729,000 Position in Millrose Properties, Inc. (NYSE:MRP)

Oregon Public Employees Retirement Fund 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 27,500 shares of the company's stock, valued at approximately $729,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MRP. CENTRAL TRUST Co purchased a new stake in shares of Millrose Properties in the first quarter valued at $27,000. Golden State Wealth Management LLC bought a new position in shares of Millrose Properties in the first quarter worth about $37,000. GAMMA Investing LLC bought a new position in shares of Millrose Properties in the first quarter worth about $67,000. Bessemer Group Inc. bought a new position in shares of Millrose Properties in the first quarter worth about $81,000. Finally, Fifth Third Bancorp bought a new position in shares of Millrose Properties in the first quarter worth about $114,000.

Millrose Properties Stock Up 1.8%

Millrose Properties stock traded up $0.53 during midday trading on Thursday, hitting $29.49. 1,435,422 shares of the company's stock were exchanged, compared to its average volume of 2,304,302. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.07 and a quick ratio of 0.07. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $29.94. The business's 50-day moving average price is $27.66.

Millrose Properties (NYSE:MRP - Get Free Report) last issued 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 for the quarter.

Millrose Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 9.36%.

Analysts Set New Price Targets

A number of research firms have recently commented on MRP. The Goldman Sachs Group upped their price target 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. Citigroup assumed coverage on shares of Millrose Properties in a report on Monday, April 14th. They issued a "buy" rating and a $30.00 price target on the stock.

Insiders Place Their Bets

In other Millrose Properties news, Director Patrick J. Bartels, Jr. purchased 8,750 shares of Millrose Properties stock in a transaction on Monday, May 19th. The stock was bought 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 of the company's stock, valued at $408,667.60. This represents a 154.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew B. Gorson purchased 7,500 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost of $28.24 per share, with a total value of $211,800.00. Following the acquisition, the director owned 15,660 shares in the company, valued at $442,238.40. This represents a 91.91% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 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.