Public Sector Pension Investment Board Acquires New Shares in Millrose Properties, Inc. $MRP

Key Points

• The Public Sector Pension Investment Board purchased a new stake of 381,377 shares in Millrose Properties, Inc., valued at approximately $10.1 million, which represents a 0.23% ownership interest in the company.
• Millrose Properties reported a quarterly earnings per share (EPS) of $0.68 and a revenue of $149 million for the period ended July 31st.
• The company announced a quarterly dividend of $0.69 per share, representing an annual yield of 8.5%, which was paid to investors on July 15th.

Public Sector Pension Investment Board bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 381,377 shares of the company's stock, valued at approximately $10,110,000. Public Sector Pension Investment Board owned 0.23% of Millrose Properties at the end of the most recent quarter.

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

Millrose Properties Stock Up 0.3%

NYSE:MRP traded up $0.10 during trading hours on Monday, reaching $31.84. 537,274 shares of the company traded hands, compared to its average volume of 2,039,551. The firm has a 50-day moving average price of $29.62. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $32.60. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17.

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

Millrose Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders 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 yield of 8.7%.

Insider Transactions at Millrose Properties

In related news, CTO Adil Pasha acquired 2,500 shares of the stock in a transaction on Wednesday, May 21st. The stock was acquired at an average price of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the purchase, the chief technology officer owned 2,500 shares of the company's stock, valued at $70,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised their target price on shares of Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th.

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.