Legal & General Group Plc Grows Stake in Millrose Properties, Inc. $MRP

Posted by Francis Steltz on Jun 4th, 2026

Legal & General Group Plc increased its stake in Millrose Properties, Inc. (NYSE:MRP – Free Report) by 12.3% in the 4th quarter, HoldingsChannel reports. The fund owned 354,088 shares of the company’s stock after acquiring an additional 38,769 shares during the period. Legal & General Group Plc’s holdings in Millrose Properties were worth $10,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRP. Baird Financial Group Inc. purchased a new position in Millrose Properties in the first quarter worth about $224,000. Royal Bank of Canada purchased a new position in Millrose Properties in the first quarter worth about $1,508,000. Advisors Asset Management Inc. purchased a new position in Millrose Properties in the first quarter worth about $45,000. NewEdge Advisors LLC purchased a new position in Millrose Properties in the first quarter worth about $39,000. Finally, Goldman Sachs Group Inc. purchased a new position in Millrose Properties in the first quarter worth about $18,093,000.

Millrose Properties Price Performance

Shares of MRP stock opened at $27.55 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $4.25 billion, a P/E ratio of 9.87 and a beta of 0.40. The stock has a 50 day moving average price of $28.69 and a 200 day moving average price of $29.80. Millrose Properties, Inc. has a 52-week low of $26.30 and a 52-week high of $36.00.

Millrose Properties (NYSE:MRP – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The firm had revenue of $194.93 million during the quarter. Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. The firm’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were issued a $0.76 dividend. The ex-dividend date was Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 dividend on an annualized basis and a dividend yield of 11.0%. Millrose Properties’s dividend payout ratio (DPR) is presently 108.96%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings lowered Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen lowered Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $37.67.

View Our Latest Report on MRP

Insider Buying and Selling

In other news, insider Darren Richman purchased 40,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $2,294,040. This trade represents a 90.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matthew B. Gorson purchased 4,500 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $26.96 per share, with a total value of $121,320.00. Following the acquisition, the director directly owned 35,750 shares of the company’s stock, valued at $963,820. This trade represents a 14.40% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 240,532 shares of company stock valued at $6,567,048 in the last quarter. 0.23% of the stock is owned by company insiders.

About Millrose Properties

(Free Report)

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.