Towerview LLC Buys New Stake in Millrose Properties, Inc. (NYSE:MRP)

Towerview LLC bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company's stock, valued at approximately $530,000. Millrose Properties comprises 0.4% of Towerview LLC's investment portfolio, making the stock its 18th largest position.

Other hedge funds have also made changes to their positions in the company. Greenhaven Associates Inc. acquired a new position in shares of Millrose Properties during the 1st quarter worth $209,111,000. Principal Financial Group Inc. bought a new position in shares of Millrose Properties during the 1st quarter worth about $47,574,000. Bank of New York Mellon Corp bought a new position in shares of Millrose Properties during the 1st quarter worth about $16,753,000. Pacific Heights Asset Management LLC bought a new position in Millrose Properties during the 1st quarter valued at about $8,748,000. Finally, Rhumbline Advisers bought a new position in Millrose Properties during the 1st quarter valued at about $7,441,000.

Millrose Properties Price Performance

MRP stock traded up $0.15 during mid-day trading on Friday, hitting $30.90. The stock had a trading volume of 561,127 shares, compared to its average volume of 1,209,002. The stock's fifty day moving average is $28.65. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $31.48. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.06.

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 (EPS) for the quarter. The firm had revenue of $82.70 million during the quarter.

Millrose Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 8.93%.

Wall Street Analysts Forecast Growth

MRP has been the subject of a number of analyst reports. Citigroup began coverage on shares of Millrose Properties in a report on Monday, April 14th. They set a "buy" rating and a $30.00 target price for the company. The Goldman Sachs Group boosted their price objective 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.

Insider Transactions at Millrose Properties

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