Saber Capital Managment LLC Takes Position in Millrose Properties, Inc. $MRP

Saber Capital Managment LLC bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 43,413 shares of the company’s stock, valued at approximately $1,297,000. Millrose Properties makes up about 1.1% of Saber Capital Managment LLC’s holdings, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MRP. Baird Financial Group Inc. purchased a new position in shares of Millrose Properties during the 1st quarter valued at approximately $224,000. Royal Bank of Canada purchased a new position in shares of Millrose Properties during the 1st quarter valued at approximately $1,508,000. Advisors Asset Management Inc. purchased a new position in shares of Millrose Properties during the 1st quarter valued at approximately $45,000. NewEdge Advisors LLC purchased a new position in shares of Millrose Properties during the 1st quarter valued at approximately $39,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Millrose Properties during the 1st quarter valued at approximately $18,093,000.

Insiders Place Their Bets

In other news, insider Darren Richman acquired 195,000 shares of the firm’s stock in a transaction on 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 acquisition, the insider owned 416,000 shares of the company’s stock, valued at approximately $11,360,960. This trade represents a 88.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Matthew B. Gorson purchased 4,500 shares of Millrose Properties stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $26.96 per share, for a total transaction of $121,320.00. Following the acquisition, the director owned 35,750 shares in the company, valued at approximately $963,820. This trade represents a 14.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 240,532 shares of company stock worth $6,567,048 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Millrose Properties Trading Up 0.1%

Shares of MRP stock opened at $29.16 on Monday. The stock’s fifty day moving average is $28.78 and its two-hundred day moving average is $29.75. 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 $4.50 billion, a P/E ratio of 10.45 and a beta of 0.40. Millrose Properties, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $36.00.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data 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). 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 business’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date was Thursday, April 2nd. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s payout ratio is 108.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MRP. 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 report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Millrose Properties presently has a consensus rating of “Buy” and a consensus target price of $37.67.

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.