Louisiana State Employees Retirement System Acquires New Stake in Millrose Properties, Inc. $MRP

Louisiana State Employees Retirement System acquired a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,400 shares of the company’s stock, valued at approximately $1,915,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in shares of Millrose Properties in the fourth quarter valued at $29,000. Root Financial Partners LLC increased its holdings in Millrose Properties by 3,090.6% in the 4th quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock worth $30,000 after acquiring an additional 989 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Millrose Properties in the 1st quarter worth about $39,000. Caitong International Asset Management Co. Ltd raised its stake in Millrose Properties by 984.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock valued at $44,000 after acquiring an additional 1,201 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Millrose Properties by 33.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company’s stock valued at $45,000 after acquiring an additional 380 shares during the period.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson purchased 4,500 shares of Millrose Properties stock in a transaction that occurred on 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 directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Darren Richman purchased 40,000 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $27.31 per share, with a total value of $1,092,400.00. Following the transaction, the insider directly owned 84,000 shares in the company, valued at $2,294,040. The trade was a 90.91% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 240,532 shares of company stock valued at $6,567,048. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MRP. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. 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 stock. According to MarketBeat, Millrose Properties currently has an average rating of “Buy” and a consensus target price of $37.67.

Millrose Properties Stock Performance

Shares of MRP opened at $29.98 on Wednesday. The stock’s 50-day simple moving average is $28.72 and its 200 day simple moving average is $29.59. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 10.75 and a beta of 0.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.34 and a current ratio of 0.34. Millrose Properties, Inc. has a 52-week low of $26.30 and a 52-week high of $36.00.

Millrose Properties (NYSE:MRP) 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). The company had revenue of $194.93 million for 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be paid a dividend of $0.77 per share. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Monday, July 6th. Millrose Properties’s dividend payout ratio is 108.96%.

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.