83,797 Shares in Millrose Properties, Inc. $MRP Acquired by Versor Investments LP

Key Points

• Versor Investments LP acquired a new position in Millrose Properties, purchasing 83,797 shares valued at approximately $2.22 million, making up about 0.05% of the company's stock.
• Multiple institutional investors made new acquisitions of Millrose Properties during the first quarter, with Raymond James Financial Inc. leading at around $7.34 million.
• Goldman Sachs has increased its target price on Millrose Properties to $31.50 and designated the stock with a "buy" rating, indicating positive market sentiment.

Versor Investments LP acquired a new stake in Millrose Properties, Inc. (NYSE:MRP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 83,797 shares of the company's stock, valued at approximately $2,221,000. Versor Investments LP owned about 0.05% of Millrose Properties as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Yousif Capital Management LLC purchased a new stake in shares of Millrose Properties during the first quarter valued at $1,190,000. Bessemer Group Inc. bought a new stake in Millrose Properties during the 1st quarter valued at about $81,000. Blair William & Co. IL purchased a new stake in Millrose Properties in the 1st quarter valued at about $351,000. Pacific Heights Asset Management LLC bought a new position in Millrose Properties in the 1st quarter worth about $8,748,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Millrose Properties in the 1st quarter worth about $659,000.

Millrose Properties Price Performance

Shares of MRP traded up $0.66 during mid-day trading on Thursday, hitting $33.35. The company's stock had a trading volume of 746,259 shares, compared to its average volume of 2,020,068. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. The company has a 50-day moving average price of $29.89. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $33.38.

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

Millrose Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.3%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lifted their price target 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $30.75.

Millrose Properties Company 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.