Millrose Properties, Inc. (NYSE:MRP - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $30.67 and last traded at $30.25, with a volume of 1273089 shares. The stock had previously closed at $29.87.
Analyst Upgrades and Downgrades
Several analysts have commented on MRP shares. Citigroup assumed coverage on shares of Millrose Properties in a research note on Monday, April 14th. They issued a "buy" rating and a $30.00 target price for the company. The Goldman Sachs Group lifted their price target on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a report on Thursday, May 15th.
View Our Latest Stock Report on Millrose Properties
Millrose Properties Stock Performance
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 stock has a 50 day moving average of $27.90.
Millrose Properties (NYSE:MRP - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.39 EPS for the quarter. The firm had revenue of $82.70 million for 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 9.09%.
Insider Activity at Millrose Properties
In other news, Director Matthew B. Gorson purchased 7,500 shares of the stock in a transaction dated Monday, May 19th. The stock was acquired at an average cost of $28.24 per share, for a total transaction of $211,800.00. Following the acquisition, the director owned 15,660 shares of the company's stock, valued at $442,238.40. The trade was a 91.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Patrick J. Bartels, Jr. bought 8,750 shares of the company's stock in a transaction on Monday, May 19th. The shares were acquired at an average cost of $28.36 per share, for a total transaction of $248,150.00. Following the completion of the acquisition, the director directly owned 14,410 shares of the company's stock, valued at $408,667.60. This trade represents a 154.59% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 18,750 shares of company stock valued at $530,800.
Institutional Trading of Millrose Properties
Institutional investors and hedge funds have recently made changes to their positions in the stock. Yousif Capital Management LLC acquired a new stake in shares of Millrose Properties in the 1st quarter worth about $1,190,000. Bessemer Group Inc. acquired a new stake in Millrose Properties in the 1st quarter valued at approximately $81,000. Pacific Heights Asset Management LLC bought a new stake in Millrose Properties during the 1st quarter valued at $8,748,000. Golden State Wealth Management LLC acquired a new position in Millrose Properties during the 1st quarter worth $37,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Millrose Properties during the 1st quarter worth $659,000.
About Millrose Properties
(
Get Free Report)
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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