Summit Securities Group LLC Invests $28,000 in Millrose Properties, Inc. $MRP

Summit Securities Group LLC acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,064 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co acquired a new stake in shares of Millrose Properties during the 1st quarter worth $27,000. William B. Walkup & Associates Inc. purchased a new position in Millrose Properties in the 1st quarter valued at about $29,000. Assetmark Inc. purchased a new position in Millrose Properties in the 1st quarter valued at about $34,000. Allworth Financial LP purchased a new position in Millrose Properties in the 1st quarter valued at about $33,000. Finally, Golden State Wealth Management LLC purchased a new position in Millrose Properties in the 1st quarter valued at about $37,000.

Millrose Properties Price Performance

NYSE:MRP opened at $31.80 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06. Millrose Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $32.60. The firm has a 50-day moving average price of $29.70.

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

Millrose Properties Dividend Announcement

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 dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 8.7%.

Insider Activity at Millrose Properties

In related news, CTO Adil Pasha purchased 2,500 shares of Millrose Properties stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average price of $28.34 per share, with a total value of $70,850.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

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 research report on Thursday, May 15th.

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.