Swedbank AB bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund bought 22,226 shares of the company’s stock, valued at approximately $664,000.
Other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in Millrose Properties during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC raised its stake in Millrose Properties by 55.8% during the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after acquiring an additional 357 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Millrose Properties by 984.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock worth $44,000 after acquiring an additional 1,201 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Millrose Properties during the first quarter worth about $39,000. Finally, Farther Finance Advisors LLC raised its stake in Millrose Properties by 33.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company’s stock worth $45,000 after acquiring an additional 380 shares in the last quarter.
Analyst Ratings Changes
Several research analysts have commented on MRP shares. Wall Street Zen downgraded Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Millrose Properties presently has an average rating of “Buy” and an average price target of $37.67.
Millrose Properties Stock Up 1.5%
Shares of NYSE MRP opened at $28.09 on Thursday. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 10.07 and a beta of 0.59. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $28.80 and a two-hundred day moving average price of $29.93. Millrose Properties, Inc. has a 12 month low of $26.30 and a 12 month high of $36.00.
Millrose Properties (NYSE:MRP – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $194.93 million for the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The company’s revenue was up 135.7% compared to the same quarter last year.
Millrose Properties Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 10.8%. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, April 2nd. Millrose Properties’s dividend payout ratio (DPR) is presently 108.96%.
Insider Activity
In other news, insider Darren Richman purchased 40,000 shares of Millrose Properties stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $27.31 per share, for a total transaction of $1,092,400.00. Following the completion of the acquisition, the insider owned 84,000 shares in the company, valued at approximately $2,294,040. This trade represents a 90.91% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew B. Gorson purchased 4,500 shares of Millrose Properties stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $26.96 per share, for a total transaction of $121,320.00. Following the completion of the acquisition, the director owned 35,750 shares of the company’s stock, valued at approximately $963,820. The trade was a 14.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 241,532 shares of company stock worth $6,597,708. Company insiders own 0.23% of the company’s stock.
Millrose Properties Company Profile
Millrose Properties Corp is a publicly traded real estate investment trust that focuses on the acquisition, ownership and development of industrial and logistics properties. The company seeks to capitalize on the growing demand for modern warehouse facilities driven by e-commerce, freight distribution and last-mile delivery requirements. Millrose structures its investments to generate stable, long-term rental income through diversified lease agreements with industrial and logistics operators.
The firm’s core activities include sourcing strategically located industrial assets, overseeing property management operations and executing targeted development or renovation projects.
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