Matthew Gorson Purchases 1,000 Shares of Millrose Properties (NYSE:MRP) Stock

Millrose Properties, Inc. (NYSE:MRP) Director Matthew Gorson bought 1,000 shares of the stock in a transaction dated Thursday, March 5th. The stock was purchased at an average cost of $30.66 per share, with a total value of $30,660.00. Following the completion of the purchase, the director directly owned 25,611 shares in the company, valued at approximately $785,233.26. This trade represents a 4.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Millrose Properties Trading Down 1.4%

Shares of MRP opened at $29.56 on Wednesday. The stock’s fifty day simple moving average is $30.56 and its 200-day simple moving average is $31.69. The firm has a market capitalization of $4.91 billion and a PE ratio of 12.12. Millrose Properties, Inc. has a 12-month low of $21.02 and a 12-month high of $36.00. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.36.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.The firm had revenue of $189.50 million during the quarter.

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Monday, January 5th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.73. Millrose Properties’s dividend payout ratio is presently 122.95%.

Analyst Upgrades and Downgrades

MRP has been the subject of a number of recent analyst reports. BTIG Research assumed coverage on Millrose Properties in a report on Monday, December 1st. They issued a “buy” rating and a $35.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Millrose Properties has an average rating of “Buy” and a consensus target price of $36.13.

Institutional Investors Weigh In On Millrose Properties

A number of hedge funds have recently modified their holdings of MRP. Corient Private Wealth LLC lifted its holdings in shares of Millrose Properties by 38.4% during the 4th quarter. Corient Private Wealth LLC now owns 30,176 shares of the company’s stock valued at $901,000 after purchasing an additional 8,368 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Millrose Properties during the 4th quarter worth approximately $5,713,000. Alpine Global Management LLC acquired a new stake in Millrose Properties during the 4th quarter worth approximately $1,862,000. Invesco Ltd. lifted its stake in Millrose Properties by 52.0% in the fourth quarter. Invesco Ltd. now owns 792,366 shares of the company’s stock valued at $23,668,000 after buying an additional 270,913 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Millrose Properties by 6.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,176 shares of the company’s stock valued at $844,000 after buying an additional 1,720 shares in the last quarter.

About Millrose Properties

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.