LSV Asset Management Sells 31,959 Shares of Millrose Properties, Inc. $MRP

LSV Asset Management decreased its position in Millrose Properties, Inc. (NYSE:MRP) by 12.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 216,483 shares of the company’s stock after selling 31,959 shares during the period. LSV Asset Management’s holdings in Millrose Properties were worth $7,276,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MRP. Oppenheimer Asset Management Inc. bought a new stake in Millrose Properties during the 3rd quarter valued at $258,000. First Dallas Securities Inc. increased its stake in shares of Millrose Properties by 62.0% during the third quarter. First Dallas Securities Inc. now owns 92,299 shares of the company’s stock valued at $3,102,000 after buying an additional 35,319 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Millrose Properties by 55.8% in 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 in the last quarter. Bessemer Group Inc. raised its holdings in shares of Millrose Properties by 9.9% in 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 in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Millrose Properties by 21.5% in the third quarter. Envestnet Asset Management Inc. now owns 55,150 shares of the company’s stock worth $1,854,000 after acquiring an additional 9,748 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on MRP. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. Citigroup increased their price objective on shares of Millrose Properties from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, BTIG Research initiated coverage on shares of Millrose Properties in a research note on Monday, December 1st. They issued a “buy” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Millrose Properties currently has a consensus rating of “Buy” and a consensus price target of $36.90.

Millrose Properties Stock Up 1.6%

NYSE:MRP opened at $31.96 on Monday. The company’s 50-day simple moving average is $30.44 and its 200-day simple moving average is $31.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. Millrose Properties, Inc. has a fifty-two week low of $21.02 and a fifty-two week high of $36.00. The stock has a market capitalization of $5.31 billion and a P/E ratio of 18.80.

Millrose Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were issued a $0.75 dividend. This is an increase from Millrose Properties’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Monday, January 5th. Millrose Properties’s dividend payout ratio is presently 176.47%.

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.