Millrose Properties (NYSE:MRP) General Counsel Rachel Presa Purchases 725 Shares of Stock

Millrose Properties, Inc. (NYSE:MRP) General Counsel Rachel Presa bought 725 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $27.18 per share, with a total value of $19,705.50. Following the transaction, the general counsel owned 2,193 shares in the company, valued at approximately $59,605.74. This represents a 49.39% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rachel Presa also recently made the following trade(s):

• On Wednesday, May 13th, Rachel Presa bought 307 shares of Millrose Properties stock. The stock was purchased at an average price of $26.62 per share, with a total value of $8,172.34.

Millrose Properties Price Performance

Shares of MRP opened at $26.64 on Thursday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 9.55 and a beta of 0.59. The stock has a 50 day moving average of $29.27 and a 200-day moving average of $30.26. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. Millrose Properties, Inc. has a 52 week low of $26.30 and a 52 week high of $36.00.

Millrose Properties (NYSE:MRP) last issued its earnings results on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $194.93 million during the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The firm’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 11.4%. The ex-dividend date was Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s payout ratio is 108.96%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen lowered Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $36.13.

Institutional Trading of Millrose Properties

Several hedge funds have recently made changes to their positions in MRP. Sound Income Strategies LLC bought a new stake in shares of Millrose Properties in the 4th quarter worth approximately $29,000. Root Financial Partners LLC lifted its holdings in shares of Millrose Properties by 3,090.6% in the 4th quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock worth $30,000 after purchasing an additional 989 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Millrose Properties by 55.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after purchasing an additional 357 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Millrose Properties by 984.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock worth $44,000 after purchasing an additional 1,201 shares during the last quarter.

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.