Pallas Capital Advisors LLC Buys New Shares in Millrose Properties, Inc. (NYSE:MRP)

Pallas Capital Advisors LLC acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,213 shares of the company's stock, valued at approximately $377,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Millrose Properties in the 1st quarter worth approximately $272,000. Merit Financial Group LLC purchased a new position in shares of Millrose Properties in the 1st quarter worth approximately $552,000. Asset Management Advisors LLC purchased a new position in shares of Millrose Properties in the 1st quarter worth approximately $721,000. GAMMA Investing LLC purchased a new position in shares of Millrose Properties in the 1st quarter worth approximately $1,784,000. Finally, Rhumbline Advisers purchased a new position in shares of Millrose Properties in the 1st quarter worth approximately $7,441,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group upped their price objective on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th. Citigroup assumed coverage on Millrose Properties in a research note on Monday, April 14th. They issued a "buy" rating and a $30.00 price objective on the stock.

Insider Buying and Selling at Millrose Properties

In other news, CTO Adil Pasha purchased 2,500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average price of $28.34 per share, with a total value of $70,850.00. Following the completion of the acquisition, the chief technology officer now owns 2,500 shares in the company, valued at $70,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Matthew B. Gorson purchased 7,500 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $28.24 per share, for a total transaction of $211,800.00. Following the acquisition, the director now owns 15,660 shares of the company's stock, valued at approximately $442,238.40. This trade represents a 91.91% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 18,750 shares of company stock valued at $530,800 in the last 90 days.

Millrose Properties Trading Up 0.5%

Millrose Properties stock traded up $0.14 during trading on Monday, hitting $27.34. The stock had a trading volume of 998,640 shares, compared to its average volume of 2,475,134. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $28.99. The company's 50 day moving average price is $26.23.

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 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.