Pallas Capital Advisors LLC Invests $377,000 in Millrose Properties, Inc. (NYSE:MRP)

Pallas Capital Advisors LLC acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,213 shares of the company’s stock, valued at approximately $377,000.

Several other large investors also recently modified their holdings of the company. Greenhaven Associates Inc. acquired a new stake in shares of Millrose Properties during the first quarter worth $209,111,000. Rhumbline Advisers acquired a new stake in shares of Millrose Properties during the first quarter worth $7,441,000. GAMMA Investing LLC acquired a new stake in Millrose Properties in the first quarter worth $1,784,000. Asset Management Advisors LLC acquired a new stake in Millrose Properties in the first quarter worth $721,000. Finally, Merit Financial Group LLC acquired a new stake in Millrose Properties in the first quarter worth $552,000.

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 that occurred 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 completion of the transaction, the director now directly owns 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patrick J. Bartels, Jr. purchased 8,750 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $28.36 per share, for a total transaction of $248,150.00. Following the completion of the acquisition, the director now owns 14,410 shares of the company’s stock, valued at $408,667.60. The trade was a 154.59% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 18,750 shares of company stock valued at $530,800.

Analysts Set New Price Targets

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

Millrose Properties Stock Down 1.3%

NYSE:MRP opened at $27.28 on Friday. The business has a fifty day moving average of $26.04. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $28.99.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.39 EPS for the quarter. The company had revenue of $82.70 million during the quarter.

Millrose Properties Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th were paid a $0.38 dividend. The ex-dividend date was Friday, April 4th.

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.