25,150 Shares in Millrose Properties, Inc. $MRP Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Millrose Properties, Inc. (NYSE:MRPFree Report) in the 4th quarter, Holdings Channel reports. The fund bought 25,150 shares of the company’s stock, valued at approximately $751,000.

Several other large investors have also added to or reduced their stakes in MRP. Vanguard Group Inc. grew its stake in Millrose Properties by 16.3% during the fourth quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock worth $630,769,000 after purchasing an additional 2,960,066 shares during the period. Blue Whale Capital LLP grew its stake in Millrose Properties by 89.1% during the third quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company’s stock worth $76,199,000 after purchasing an additional 1,068,075 shares during the period. Wellington Management Group LLP grew its stake in Millrose Properties by 44.7% during the third quarter. Wellington Management Group LLP now owns 2,939,771 shares of the company’s stock worth $98,806,000 after purchasing an additional 908,189 shares during the period. Millennium Management LLC grew its stake in Millrose Properties by 125.0% during the third quarter. Millennium Management LLC now owns 1,614,377 shares of the company’s stock worth $54,259,000 after purchasing an additional 896,938 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in Millrose Properties during the first quarter worth approximately $18,093,000.

Insider Buying and Selling

In related news, insider Darren Richman bought 195,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $27.31 per share, for a total transaction of $5,325,450.00. Following the completion of the acquisition, the insider directly owned 416,000 shares of the company’s stock, valued at $11,360,960. This trade represents a 88.24% 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 Matthew B. Gorson bought 1,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $30.66 per share, for a total transaction of $30,660.00. Following the acquisition, the director directly owned 25,611 shares of the company’s stock, valued at approximately $785,233.26. This represents a 4.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 237,032 shares of company stock worth $6,476,388 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Millrose Properties Stock Performance

Shares of Millrose Properties stock opened at $26.72 on Monday. Millrose Properties, Inc. has a 52 week low of $26.30 and a 52 week high of $36.00. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $29.12 and a 200-day moving average price of $30.18. The company has a market cap of $4.12 billion, a PE ratio of 9.58 and a beta of 0.59.

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

Millrose Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were issued a $0.76 dividend. This is a boost 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 11.4%. The ex-dividend date was Thursday, April 2nd. Millrose Properties’s dividend payout ratio is 108.96%.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on Millrose Properties

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.

See Also

Want to see what other hedge funds are holding MRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Millrose Properties, Inc. (NYSE:MRPFree Report).

Institutional Ownership by Quarter for Millrose Properties (NYSE:MRP)

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