Millrose Properties, Inc. (NYSE:MRP) Receives $36.13 Consensus PT from Analysts

Shares of Millrose Properties, Inc. (NYSE:MRP) have been assigned a consensus recommendation of “Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $36.1250.

MRP has been the topic of several research reports. Wall Street Zen upgraded shares of Millrose Properties from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Millrose Properties in a report on Thursday, January 22nd.

Millrose Properties Stock Up 4.1%

MRP stock opened at $28.86 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36. Millrose Properties has a 1 year low of $21.64 and a 1 year high of $36.00. The company has a fifty day simple moving average of $29.88 and a 200 day simple moving average of $30.80. The firm has a market cap of $4.79 billion, a PE ratio of 11.83 and a beta of 0.34.

Millrose Properties (NYSE:MRP) last released its earnings results on Thursday, February 26th. The company reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. The firm had revenue of $189.50 million during the quarter. Millrose Properties had a net margin of 67.42% and a return on equity of 6.90%.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s payout ratio is presently 124.59%.

Insider Activity

In related news, Director Matthew B. Gorson acquired 1,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were bought at an average price of $30.66 per share, for a total transaction of $30,660.00. Following the acquisition, the director owned 25,611 shares in the company, valued at $785,233.26. This trade represents a 4.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MRP. Salomon & Ludwin LLC bought a new stake in Millrose Properties in the third quarter valued at about $29,000. Sound Income Strategies LLC bought a new stake in Millrose Properties in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC increased its stake in 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 during the period. Root Financial Partners LLC increased its stake in Millrose Properties by 3,090.6% in the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock valued at $30,000 after acquiring an additional 989 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Millrose Properties by 95.0% in the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $38,000 after acquiring an additional 547 shares during the period.

Millrose Properties Company 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.