Millrose Properties’ (MRP) “Market Perform” Rating Reiterated at Citizens Jmp

Citizens Jmp reissued their market perform rating on shares of Millrose Properties (NYSE:MRP) in a research report report published on Monday morning, MarketBeat Ratings reports.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Millrose Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Citigroup cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.50.

Millrose Properties Price Performance

Shares of MRP opened at $22.66 on Monday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 7.90 and a beta of 0.53. Millrose Properties has a fifty-two week low of $21.85 and a fifty-two week high of $33.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.05 and a quick ratio of 0.05. The business’s 50-day moving average is $28.89 and its 200-day moving average is $28.82.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Millrose Properties had a net margin of 62.60% and a return on equity of 8.13%. The business had revenue of $196.85 million during the quarter.

Millrose Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, October 5th will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, October 5th. This represents a $3.16 annualized dividend and a dividend yield of 13.9%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.77. Millrose Properties’s dividend payout ratio is presently 110.10%.

Insider Activity at Millrose Properties

In other news, Director Matthew Gorson purchased 3,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $28.80 per share, with a total value of $86,400.00. Following the purchase, the director owned 38,750 shares in the company, valued at $1,116,000. This represents a 8.39% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlos Migoya acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $29.18 per share, for a total transaction of $29,180.00. Following the acquisition, the director directly owned 30,075 shares of the company’s stock, valued at $877,588.50. The trade was a 3.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Institutional Trading of Millrose Properties

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in Millrose Properties during the second quarter valued at about $54,348,000. Moore Capital Management LP lifted its position in shares of Millrose Properties by 275.0% in the fourth quarter. Moore Capital Management LP now owns 1,018,533 shares of the company’s stock worth $30,424,000 after buying an additional 746,923 shares during the last quarter. ExodusPoint Capital Management LP boosted its stake in shares of Millrose Properties by 1,006.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 819,797 shares of the company’s stock worth $24,487,000 after acquiring an additional 745,684 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Millrose Properties by 29.1% during the 4th quarter. Geode Capital Management LLC now owns 2,909,575 shares of the company’s stock worth $86,928,000 after acquiring an additional 655,706 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Millrose Properties during the 2nd quarter worth about $18,801,000.

Millrose Properties Company Profile

Millrose Properties, Inc is a residential land development company that provides land-banking solutions for homebuilders. The company acquires and develops residential land, funds the installation of infrastructure, and delivers finished lots that can be used for the construction of single-family homes.

Millrose works with homebuilding partners under arrangements designed to separate the ownership and development of land from the homebuilding process. Its activities may include acquiring raw or partially developed land, obtaining entitlements, coordinating site development, and selling completed lots to homebuilders.

The company was established as a publicly traded business in 2025 and focuses on residential growth markets in the United States.