13,244 Shares in Millrose Properties, Inc. (NYSE:MRP) Acquired by Blair William & Co. IL

Blair William & Co. IL purchased a new position in shares of Millrose Properties, Inc. (NYSE:MRP) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,244 shares of the company’s stock, valued at approximately $351,000.

Other large investors have also bought and sold shares of the company. Yousif Capital Management LLC bought a new stake in Millrose Properties during the 1st quarter worth approximately $1,190,000. Bessemer Group Inc. bought a new stake in Millrose Properties during the 1st quarter worth approximately $81,000. Pacific Heights Asset Management LLC bought a new stake in Millrose Properties during the 1st quarter worth approximately $8,748,000. Golden State Wealth Management LLC bought a new stake in Millrose Properties during the 1st quarter worth approximately $37,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Millrose Properties during the 1st quarter worth approximately $659,000.

Insider Transactions at Millrose Properties

In related news, Director Matthew B. Gorson purchased 7,500 shares of Millrose Properties stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $28.24 per share, for a total transaction of $211,800.00. Following the transaction, the director directly owned 15,660 shares of the company’s stock, valued at approximately $442,238.40. This trade represents a 91.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of Millrose Properties stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $28.36 per share, for a total transaction of $248,150.00. Following the completion of the transaction, the director directly owned 14,410 shares in the company, valued at $408,667.60. The trade was a 154.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 18,750 shares of company stock worth $530,800 in the last three months.

Millrose Properties Trading Down 0.5%

Shares of MRP opened at $31.17 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. The company has a fifty day moving average price of $29.27. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $31.79.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.68 EPS for the quarter. The firm had revenue of $149.00 million during the quarter.

Millrose Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 8.9%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. The Goldman Sachs Group increased their price objective on Millrose Properties from $28.00 to $31.50 and gave the company a “buy” rating in a research report on Thursday, May 15th. Citigroup assumed coverage on Millrose Properties in a research report on Monday, April 14th. They issued a “buy” rating and a $30.00 price objective on the stock.

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.