Yousif Capital Management LLC Invests $1.19 Million in Millrose Properties, Inc. (NYSE:MRP)

Yousif Capital Management LLC 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 Securities and Exchange Commission. The fund acquired 44,899 shares of the company's stock, valued at approximately $1,190,000.

Other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Millrose Properties during the 1st quarter worth about $272,000. Pallas Capital Advisors LLC acquired a new position in Millrose Properties in the 1st quarter valued at about $377,000. Merit Financial Group LLC acquired a new position in Millrose Properties in the 1st quarter valued at about $552,000. Asset Management Advisors LLC acquired a new position in Millrose Properties in the 1st quarter valued at about $721,000. Finally, GAMMA Investing LLC acquired a new position in Millrose Properties in the 1st quarter valued at about $1,784,000.

Insider Buying and Selling at Millrose Properties

In other news, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the business's stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $28.36 per share, with a total value of $248,150.00. Following the acquisition, the director now owns 14,410 shares in the company, valued at approximately $408,667.60. The trade was a 154.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Adil Pasha purchased 2,500 shares of the business's stock in a transaction dated 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 acquisition, the chief technology officer now owns 2,500 shares in the company, valued at $70,850. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 18,750 shares of company stock valued at $530,800 in the last quarter.

Millrose Properties Price Performance

NYSE MRP opened at $27.82 on Wednesday. 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, Inc. has a 12-month low of $19.00 and a 12-month high of $28.99. The firm has a 50-day simple moving average of $26.31.

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

Millrose Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 9.92%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MRP shares. Citigroup started 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 upped 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.

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