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) 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) 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.