Oregon Public Employees Retirement Fund Acquires New Position in Millrose Properties, Inc. (NYSE:MRP)

Oregon Public Employees Retirement Fund acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 27,500 shares of the company's stock, valued at approximately $729,000.

Several other institutional investors and hedge funds have also made changes to their positions in MRP. Greenhaven Associates Inc. acquired a new stake in shares of Millrose Properties during the first quarter worth $209,111,000. GAMMA Investing LLC acquired a new position in Millrose Properties during the first quarter valued at $1,784,000. Asset Management Advisors LLC acquired a new position in Millrose Properties during the first quarter valued at $721,000. Rhumbline Advisers acquired a new position in Millrose Properties during the first quarter valued at $7,441,000. Finally, Merit Financial Group LLC acquired a new position in Millrose Properties during the first quarter valued at $552,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Millrose Properties in a research report on Monday, April 14th. They set a "buy" rating and a $30.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research report on Thursday, May 15th.

Millrose Properties Stock Performance

MRP remained flat at $28.03 on Monday. 923,603 shares of the company's stock were exchanged, compared to its average volume of 2,319,749. Millrose Properties, Inc. has a one year low of $19.00 and a one year high of $28.99. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $27.47.

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 for the quarter. The firm had revenue of $82.70 million during the quarter.

Millrose Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 9.85%.

Insider Buying and Selling at Millrose Properties

In related news, Director Matthew B. Gorson bought 7,500 shares of the business's stock in a transaction dated Monday, May 19th. The stock was acquired at an average price of $28.24 per share, with a total value of $211,800.00. Following the completion of the purchase, the director directly owned 15,660 shares of the company's stock, valued at approximately $442,238.40. This trade represents a 91.91% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patrick J. Bartels, Jr. bought 8,750 shares of the business's stock in a transaction dated Monday, May 19th. The shares were bought at an average cost of $28.36 per share, with a total value of $248,150.00. Following the purchase, the director directly owned 14,410 shares of the company's stock, valued at approximately $408,667.60. This represents a 154.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders 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.