Salem Investment Counselors Inc. Invests $1.95 Million in Millrose Properties, Inc. (NYSE:MRP)

Salem Investment Counselors Inc. acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 73,643 shares of the company's stock, valued at approximately $1,952,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Millrose Properties in the first quarter valued at about $67,000. Fifth Third Bancorp acquired a new position in shares of Millrose Properties in the first quarter valued at approximately $114,000. West Oak Capital LLC purchased a new position in shares of Millrose Properties in the 1st quarter valued at $203,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Millrose Properties in the first quarter worth about $272,000. Finally, Pallas Capital Advisors LLC bought a new position in Millrose Properties during the 1st quarter worth approximately $377,000.

Millrose Properties Trading Down 0.6%

Shares of NYSE MRP traded down $0.17 during trading on Friday, hitting $27.17. 618,688 shares of the company traded hands, compared to its average volume of 2,491,726. The firm has a fifty day moving average of $26.13. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $28.99.

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

Millrose Properties Announces Dividend

The company also recently declared a -- dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, April 4th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, April 4th.

Analyst Upgrades and Downgrades

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

Insider Activity at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson purchased 7,500 shares of the stock in a transaction dated Monday, May 19th. The stock was purchased at an average price of $28.24 per share, with a total value of $211,800.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $28.36 per share, with a total value of $248,150.00. Following the purchase, the director now owns 14,410 shares in the company, valued at $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 ninety days, insiders acquired 18,750 shares of company stock worth $530,800.

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.