26,361 Shares in Millrose Properties, Inc. (NYSE:MRP) Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management 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 26,361 shares of the company's stock, valued at approximately $699,000.

Several other institutional investors have also recently made changes to their positions in the company. CENTRAL TRUST Co purchased a new position in Millrose Properties in the 1st quarter valued at about $27,000. Assetmark Inc. purchased a new stake in shares of Millrose Properties during the first quarter worth $34,000. Allworth Financial LP purchased a new position in shares of Millrose Properties in the first quarter worth about $33,000. Golden State Wealth Management LLC acquired a new position in Millrose Properties during the first quarter worth about $37,000. Finally, Advisors Preferred LLC purchased a new stake in Millrose Properties during the 1st quarter valued at about $43,000.

Millrose Properties Stock Up 1.8%

NYSE:MRP traded up $0.55 during mid-day trading on Monday, hitting $30.49. The stock had a trading volume of 228,698 shares, compared to its average volume of 2,113,528. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $31.56. The firm's 50-day simple moving average is $28.87.

Millrose Properties (NYSE:MRP - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $149.00 million during the quarter.

Millrose Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 9.1%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a research 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 objective for the company.

Insider Buying and Selling at Millrose Properties

In other Millrose Properties news, Director Patrick J. Bartels, Jr. bought 8,750 shares of Millrose Properties stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $28.36 per share, for a total transaction of $248,150.00. Following the purchase, the director owned 14,410 shares in the company, valued at $408,667.60. This represents a 154.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Adil Pasha purchased 2,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was bought 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. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 18,750 shares of company stock valued at $530,800 over the last 90 days.

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.