140,954 Shares in Millrose Properties, Inc. (NYSE:MRP) Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 140,954 shares of the company’s stock, valued at approximately $3,737,000. New York State Teachers Retirement System owned approximately 0.08% of Millrose Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CENTRAL TRUST Co acquired a new stake in shares of Millrose Properties during the first quarter worth about $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Millrose Properties in the first quarter valued at approximately $37,000. GAMMA Investing LLC acquired a new position in Millrose Properties during the first quarter worth $67,000. Bessemer Group Inc. acquired a new position in shares of Millrose Properties during the 1st quarter worth about $81,000. Finally, Fifth Third Bancorp acquired a new position in shares of Millrose Properties during the first quarter valued at approximately $114,000.

Millrose Properties Price Performance

Shares of MRP opened at $28.03 on Monday. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $28.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s 50-day simple moving average is $27.47.

Millrose Properties (NYSE:MRP) last announced 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 for the quarter.

Millrose Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 9.85%.

Insider Activity at Millrose Properties

In other news, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the company’s stock in a transaction dated 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 purchase, the director directly owned 14,410 shares in the company, valued at $408,667.60. The trade was a 154.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Adil Pasha purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average price of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the purchase, the chief technology officer owned 2,500 shares of the company’s stock, valued at approximately $70,850. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 18,750 shares of company stock valued at $530,800 over the last ninety days.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MRP. Citigroup assumed coverage on shares of Millrose Properties in a report on Monday, April 14th. They set a “buy” rating and a $30.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Millrose Properties from $28.00 to $31.50 and gave the company a “buy” rating in a report on Thursday, May 15th.

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.