Millrose Properties (NYSE:MRP) Downgraded by Citizens Jmp to Market Perform

Millrose Properties (NYSE:MRP) was downgraded by analysts at Citizens Jmp from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, October 5th, MarketBeat reports.

MRP has been the subject of several other reports. Weiss Ratings lowered Millrose Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Citigroup lowered Millrose Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Millrose Properties presently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

Millrose Properties Trading Up 4.2%

Shares of MRP stock traded up $1.01 during mid-day trading on Monday, hitting $25.32. The company’s stock had a trading volume of 2,918,023 shares, compared to its average volume of 1,709,446. The company’s fifty day simple moving average is $27.04 and its 200-day simple moving average is $28.79. Millrose Properties has a 52 week low of $21.07 and a 52 week high of $33.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market cap of $3.91 billion, a PE ratio of 8.82 and a beta of 0.53.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Millrose Properties had a return on equity of 8.13% and a net margin of 62.60%. The firm had revenue of $211.00 million during the quarter. During the same period last year, the business posted $0.74 earnings per share. The business’s revenue was up 17.7% on a year-over-year basis.

Insider Transactions at Millrose Properties

In related news, Director Matthew B. Gorson purchased 3,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $28.80 per share, for a total transaction of $86,400.00. Following the purchase, the director owned 38,750 shares of the company’s stock, valued at approximately $1,116,000. This trade represents a 8.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carlos A. Migoya purchased 1,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were bought at an average price of $29.18 per share, with a total value of $29,180.00. Following the purchase, the director directly owned 30,075 shares in the company, valued at approximately $877,588.50. The trade was a 3.44% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Millrose Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its stake in shares of Millrose Properties by 3.9% in the 1st quarter. HB Wealth Management LLC now owns 10,834 shares of the company’s stock worth $303,000 after buying an additional 403 shares during the last quarter. Unison Advisors LLC boosted its stake in shares of Millrose Properties by 2.3% in the 1st quarter. Unison Advisors LLC now owns 22,123 shares of the company’s stock worth $619,000 after buying an additional 503 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Millrose Properties by 11.6% in the 2nd quarter. Allworth Financial LP now owns 5,249 shares of the company’s stock worth $158,000 after buying an additional 545 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Millrose Properties by 6.2% in the 1st quarter. Cetera Investment Advisers now owns 9,929 shares of the company’s stock worth $278,000 after buying an additional 579 shares during the last quarter. Finally, Peak Financial Advisors LLC boosted its stake in shares of Millrose Properties by 5.3% in the 1st quarter. Peak Financial Advisors LLC now owns 14,343 shares of the company’s stock worth $402,000 after buying an additional 722 shares during the last quarter.

More Millrose Properties News

Here are the key news stories impacting Millrose Properties this week:

• Positive Sentiment: Q3 results exceeded expectations. Millrose reported third-quarter EPS of $0.78, slightly above the $0.77 consensus estimate, while revenue increased 17.7% year over year to $211 million, also ahead of the approximately $205.2 million forecast. EPS rose from $0.74 in the prior-year quarter. Millrose Q3 revenue and earnings report
• Neutral Sentiment: Debt remains an investor concern. Market coverage indicates that the earnings beat did not fully reassure investors because of Millrose’s leverage and the financing requirements associated with its land-bank strategy. The company’s reported debt-to-equity ratio is 0.42, while its very low current and quick ratios highlight limited short-term liquidity. Millrose stock and debt coverage
• Negative Sentiment: Multiple law firms are promoting a securities class action. The lawsuit covers investors who purchased Millrose securities from February 7, 2025, through October 2, 2026, with a December 8, 2026 deadline to seek lead-plaintiff status. The complaints allege that Millrose disclosures promised the land bank would have no leases or tenants, while it allegedly acquired approximately $200 million of finished Lennar homes to rent. The allegations have increased legal, reputational and potential financial risks; they have not been proven in court. Millrose securities class action deadline

About Millrose Properties

Millrose Properties, Inc is a residential land acquisition and development company focused on providing finished residential lots to homebuilders. Its business involves acquiring land, securing necessary entitlements, and completing infrastructure and other improvements needed to prepare properties for home construction.

The company generally operates through land-banking arrangements and related development agreements with homebuilders. Millrose may own or control land during the development process and subsequently sell finished lots to builders, helping homebuilders access development-ready sites while reducing the time and capital required for land preparation.

Millrose was established in connection with Lennar Corporation’s separation of its residential land and lot development operations and began trading as an independent public company in 2025.