Millrose Properties, Inc. $MRP Shares Bought by UBS Group AG

UBS Group AG raised its position in shares of Millrose Properties, Inc. (NYSE:MRP) by 29.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 459,051 shares of the company’s stock after buying an additional 103,793 shares during the period. UBS Group AG’s holdings in Millrose Properties were worth $13,712,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Millrose Properties by 9.9% during the third quarter. Bessemer Group Inc. now owns 3,506 shares of the company’s stock valued at $119,000 after acquiring an additional 317 shares during the period. Amalgamated Bank raised its holdings in shares of Millrose Properties by 0.9% during the third quarter. Amalgamated Bank now owns 36,731 shares of the company’s stock valued at $1,235,000 after acquiring an additional 334 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Millrose Properties by 0.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 125,165 shares of the company’s stock valued at $4,007,000 after acquiring an additional 338 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Millrose Properties by 55.8% during the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $34,000 after acquiring an additional 357 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Millrose Properties by 33.8% during the fourth 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 Activity at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $30.66 per share, with a total value of $30,660.00. Following the completion of the transaction, the director owned 25,611 shares in the company, valued at $785,233.26. The trade was a 4.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Darren Richman acquired 195,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $27.31 per share, for a total transaction of $5,325,450.00. Following the transaction, the insider owned 416,000 shares of the company’s stock, valued at approximately $11,360,960. This represents a 88.24% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 237,032 shares of company stock worth $6,476,388. Insiders own 0.23% of the company’s stock.

Millrose Properties Stock Up 2.4%

Shares of Millrose Properties stock opened at $27.31 on Friday. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 9.79 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34. Millrose Properties, Inc. has a 52-week low of $26.30 and a 52-week high of $36.00. The stock has a 50-day simple moving average of $29.20 and a 200-day simple moving average of $30.22.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). The business 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 business’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 was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a yield of 11.1%. Millrose Properties’s payout ratio is 108.96%.

Analysts Set New Price Targets

MRP has been the subject of several recent analyst reports. Wall Street Zen cut Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $37.67.

Millrose Properties Profile

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.