Unison Advisors LLC Makes New $491,000 Investment in Millrose Properties, Inc. (NYSE:MRP)

Unison Advisors LLC bought a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,520 shares of the company's stock, valued at approximately $491,000.

Several other large investors have also recently made changes to their positions in the company. Mount Lucas Management LP bought a new stake in shares of Millrose Properties in the first quarter worth about $69,000. Advisors Preferred LLC purchased a new position in shares of Millrose Properties in the 1st quarter worth approximately $43,000. Oak Thistle LLC bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $258,000. KLP Kapitalforvaltning AS bought a new position in shares of Millrose Properties during the 1st quarter valued at approximately $599,000. Finally, Choreo LLC bought a new stake in Millrose Properties in the first quarter worth $882,000.

Millrose Properties Trading Up 0.5%

Shares of MRP traded up $0.15 during mid-day trading on Friday, reaching $30.90. 561,127 shares of the company's stock traded hands, compared to its average volume of 1,209,002. The firm's 50-day moving average is $28.65. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.07 and a current ratio of 0.07.

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

Millrose Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 8.93%.

Wall Street Analyst Weigh In

Several research firms have commented on MRP. The Goldman Sachs Group lifted their price objective on shares of Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Citigroup initiated coverage on shares of Millrose Properties in a research note on Monday, April 14th. They set a "buy" rating and a $30.00 price target for the company.

Insider Activity

In other Millrose Properties news, Director Patrick J. Bartels, Jr. bought 8,750 shares of the business's stock in a transaction dated Monday, May 19th. The shares were purchased at an average price of $28.36 per share, with a total value of $248,150.00. Following the completion of 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 is available at the SEC website. Also, CTO Adil Pasha purchased 2,500 shares of the 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 acquisition, the chief technology officer directly owned 2,500 shares of the company's stock, valued at $70,850. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 18,750 shares of company stock valued at $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.