First Dallas Securities Inc. Boosts Stock Holdings in Millrose Properties, Inc. $MRP

First Dallas Securities Inc. grew its stake in shares of Millrose Properties, Inc. (NYSE:MRP) by 62.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,299 shares of the company’s stock after buying an additional 35,319 shares during the period. Millrose Properties accounts for approximately 1.2% of First Dallas Securities Inc.’s holdings, making the stock its 23rd biggest holding. First Dallas Securities Inc.’s holdings in Millrose Properties were worth $3,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MRP. Great Lakes Advisors LLC purchased a new position in Millrose Properties in the third quarter valued at about $6,029,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Millrose Properties in the second quarter worth about $1,304,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Millrose Properties by 37.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,223 shares of the company’s stock valued at $947,000 after buying an additional 9,026 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Millrose Properties by 16.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 201,388 shares of the company’s stock valued at $6,769,000 after buying an additional 28,398 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Millrose Properties by 53.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 431,632 shares of the company’s stock worth $12,306,000 after acquiring an additional 151,063 shares in the last quarter.

Millrose Properties Stock Performance

Shares of MRP opened at $31.72 on Friday. The business’s 50 day moving average is $30.40 and its two-hundred day moving average is $31.76. Millrose Properties, Inc. has a 52-week low of $21.02 and a 52-week high of $36.00. The firm has a market cap of $5.27 billion and a price-to-earnings ratio of 18.66. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34.

Millrose Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were issued a $0.75 dividend. This is a boost from Millrose Properties’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend was Monday, January 5th. Millrose Properties’s dividend payout ratio is currently 176.47%.

Insider Buying and Selling

In related news, Director Carlos A. Migoya acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $32.24 per share, with a total value of $32,240.00. Following the acquisition, the director directly owned 16,766 shares in the company, valued at approximately $540,535.84. The trade was a 6.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

MRP has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. BTIG Research initiated coverage on shares of Millrose Properties in a research note on Monday, December 1st. They issued a “buy” rating and a $35.00 target price for the company. Finally, Citigroup lifted their price target on shares of Millrose Properties from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Millrose Properties has an average rating of “Buy” and a consensus target price of $36.90.

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.