Blair William & Co. IL Invests $351,000 in Millrose Properties, Inc. (NYSE:MRP)

Blair William & Co. IL purchased a new position in Millrose Properties, Inc. (NYSE:MRP) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 13,244 shares of the company’s stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co bought a new position in Millrose Properties during the first quarter worth about $27,000. Assetmark Inc. bought a new position in Millrose Properties during the first quarter worth about $34,000. Allworth Financial LP bought a new position in Millrose Properties during the first quarter worth about $33,000. Golden State Wealth Management LLC bought a new position in Millrose Properties during the first quarter worth about $37,000. Finally, Advisors Preferred LLC bought a new position in Millrose Properties during the first quarter worth about $43,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Millrose Properties from $28.00 to $31.50 and gave the stock a “buy” rating in a report on Thursday, May 15th. Citigroup assumed coverage on Millrose Properties in a report on Monday, April 14th. They set a “buy” rating and a $30.00 target price on the stock.

Millrose Properties Price Performance

MRP opened at $31.17 on Tuesday. The firm has a 50-day moving average price of $29.27. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $31.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06.

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

Millrose Properties Dividend Announcement

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

Insider Buying and Selling at Millrose Properties

In other news, Director Matthew B. Gorson purchased 7,500 shares of the company’s stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $28.24 per share, with a total value of $211,800.00. Following the purchase, the director directly owned 15,660 shares of the company’s stock, valued at $442,238.40. This trade represents a 91.91% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Adil Pasha purchased 2,500 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was purchased at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the purchase, the chief technology officer directly owned 2,500 shares in the company, 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 have bought 18,750 shares of company stock valued at $530,800 in the last 90 days.

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.