Rhumbline Advisers Acquires New Holdings in Millrose Properties, Inc. (NYSE:MRP)

Rhumbline Advisers bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 280,705 shares of the company's stock, valued at approximately $7,441,000. Rhumbline Advisers owned approximately 0.18% of Millrose Properties at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Greenhaven Associates Inc. acquired a new position in shares of Millrose Properties during the first quarter valued at $209,111,000. GAMMA Investing LLC bought a new position in Millrose Properties in the 1st quarter valued at about $1,784,000. Finally, Asset Management Advisors LLC bought a new position in Millrose Properties in the 1st quarter valued at about $721,000.

Millrose Properties Stock Down 1.3%

MRP stock traded down $0.35 during trading hours on Thursday, hitting $27.28. 520,642 shares of the stock traded hands, compared to its average volume of 2,513,011. The firm has a 50-day moving average of $25.96. Millrose Properties, Inc. has a one year low of $19.00 and a one year high of $28.99.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.39 earnings per share for the quarter. The business had revenue of $82.70 million during the quarter.

Millrose Properties Announces Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th were given a $0.38 dividend. The ex-dividend date was Friday, April 4th.

Insider Buying and Selling at Millrose Properties

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

Wall Street Analyst Weigh In

MRP has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Citigroup initiated coverage on Millrose Properties in a report on Monday, April 14th. They set a "buy" rating and a $30.00 target price on the stock.

About Millrose Properties

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.