368,958 Shares in Millrose Properties, Inc. (NYSE:MRP) Bought by Citigroup Inc.

Citigroup Inc. bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 368,958 shares of the company’s stock, valued at approximately $9,781,000. Citigroup Inc. owned about 0.22% of Millrose Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Swiss National Bank bought a new position in shares of Millrose Properties during the first quarter worth $6,025,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Millrose Properties during the first quarter worth $2,197,000. Maryland State Retirement & Pension System bought a new position in shares of Millrose Properties during the first quarter worth $1,107,000. Deutsche Bank AG bought a new position in shares of Millrose Properties during the first quarter worth $698,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Millrose Properties during the first quarter worth $44,741,000.

Insider Buying and Selling at Millrose Properties

In other news, Director Matthew B. Gorson bought 7,500 shares of Millrose Properties stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $28.24 per share, with a total value of $211,800.00. Following the completion of the purchase, the director owned 15,660 shares in the company, valued at $442,238.40. The trade was a 91.91% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick J. Bartels, Jr. bought 8,750 shares of Millrose Properties stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $28.36 per share, for a total transaction of $248,150.00. Following the purchase, the director owned 14,410 shares of the company’s stock, valued at approximately $408,667.60. This trade represents a 154.59% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 18,750 shares of company stock worth $530,800 over the last 90 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their target price on shares of Millrose Properties from $28.00 to $31.50 and gave the stock a “buy” rating in a research report on Thursday, May 15th.

Millrose Properties Trading Down 1.1%

MRP stock opened at $31.75 on Friday. Millrose Properties, Inc. has a 52 week low of $19.00 and a 52 week high of $32.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06. The company’s fifty day simple moving average is $29.62.

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

Millrose Properties Announces Dividend

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

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.