Swedbank AB Acquires Shares of 22,226 Millrose Properties, Inc. $MRP

Swedbank AB acquired a new stake in Millrose Properties, Inc. (NYSE:MRP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,226 shares of the company’s stock, valued at approximately $664,000.

Other large investors also recently modified their holdings of the company. Baird Financial Group Inc. purchased a new position in shares of Millrose Properties in the 1st quarter valued at $224,000. Royal Bank of Canada purchased a new position in shares of Millrose Properties in the 1st quarter valued at $1,508,000. Advisors Asset Management Inc. purchased a new position in shares of Millrose Properties in the 1st quarter valued at $45,000. NewEdge Advisors LLC purchased a new position in shares of Millrose Properties in the 1st quarter valued at $39,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Millrose Properties in the 1st quarter valued at $18,093,000.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson acquired 1,000 shares of the stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $30.66 per share, with a total value of $30,660.00. Following the transaction, the director owned 25,611 shares of the company’s stock, valued at approximately $785,233.26. This trade represents a 4.06% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Millrose Properties Trading Up 0.2%

Shares of Millrose Properties stock opened at $26.98 on Monday. Millrose Properties, Inc. has a 1 year low of $25.22 and a 1 year high of $36.00. 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 company has a market capitalization of $4.16 billion, a P/E ratio of 9.67 and a beta of 0.59. The company’s fifty day moving average is $29.61 and its two-hundred day moving average is $30.43.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The business had revenue of $194.93 million for the quarter. The company’s quarterly revenue was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend 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 research firms recently commented on MRP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $36.13.

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.