US Bancorp DE Takes $140,000 Position in Millrose Properties, Inc. (NYSE:MRP)

US Bancorp DE bought a new stake in Millrose Properties, Inc. (NYSE:MRP) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,286 shares of the company’s stock, valued at approximately $140,000.

A number of other hedge funds have also modified their holdings of MRP. Greenhaven Associates Inc. purchased a new stake in shares of Millrose Properties in the first quarter valued at about $209,111,000. Principal Financial Group Inc. purchased a new stake in shares of Millrose Properties in the first quarter valued at about $47,574,000. Bank of New York Mellon Corp purchased a new stake in shares of Millrose Properties in the first quarter valued at about $16,753,000. Pacific Heights Asset Management LLC purchased a new stake in shares of Millrose Properties in the first quarter valued at about $8,748,000. Finally, Rhumbline Advisers purchased a new stake in shares of Millrose Properties in the first quarter valued at about $7,441,000.

Millrose Properties Price Performance

Shares of MRP opened at $31.75 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.17. Millrose Properties, Inc. has a 12-month low of $19.00 and a 12-month high of $32.60. The firm has a 50-day moving average price of $29.62.

Millrose Properties (NYSE:MRP) last announced its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The company had revenue of $149.00 million for the quarter.

Millrose Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 8.7%.

Insiders Place Their Bets

In related news, CTO Adil Pasha bought 2,500 shares of the stock in a transaction on Wednesday, May 21st. The stock was bought at an average price of $28.34 per share, with a total value of $70,850.00. Following the completion of the purchase, the chief technology officer directly owned 2,500 shares in the company, valued at $70,850. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew B. Gorson bought 7,500 shares of the stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $28.24 per share, with a total value of $211,800.00. Following the purchase, the director owned 15,660 shares of the company’s stock, valued at $442,238.40. This trade represents a 91.91% 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 90 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upped their price objective 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.

About Millrose Properties

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.