44,899 Shares in Millrose Properties, Inc. (NYSE:MRP) Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC purchased a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 44,899 shares of the company's stock, valued at approximately $1,190,000.

Several other institutional investors also recently modified their holdings of MRP. Pallas Capital Advisors LLC acquired a new position in Millrose Properties during the first quarter valued at approximately $377,000. Hennion & Walsh Asset Management Inc. bought a new position in Millrose Properties in the first quarter valued at approximately $272,000. Merit Financial Group LLC bought a new position in Millrose Properties in the first quarter valued at approximately $552,000. Rhumbline Advisers bought a new position in Millrose Properties in the first quarter valued at approximately $7,441,000. Finally, Asset Management Advisors LLC bought a new position in Millrose Properties in the first quarter valued at approximately $721,000.

Insider Activity at Millrose Properties

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

Millrose Properties Stock Performance

NYSE MRP traded up $0.25 on Friday, hitting $28.46. 3,383,652 shares of the stock were exchanged, compared to its average volume of 676,389. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $26.61. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $28.99.

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

Millrose Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 9.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MRP. Citigroup began coverage on shares of Millrose Properties in a research note on Monday, April 14th. They issued a "buy" rating and a $30.00 price target on the stock. 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.

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.