Matthew Gorson Buys 4,500 Shares of Millrose Properties (NYSE:MRP) Stock

Millrose Properties, Inc. (NYSE:MRP) Director Matthew Gorson acquired 4,500 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was purchased at an average price of $26.96 per share, with a total value of $121,320.00. Following the transaction, the director owned 35,750 shares of the company’s stock, valued at approximately $963,820. This trade represents a 14.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Millrose Properties Trading Up 3.7%

Shares of MRP stock opened at $27.65 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 9.91 and a beta of 0.59. The stock has a 50 day simple moving average of $28.93 and a 200-day simple moving average of $30.07. Millrose Properties, Inc. has a 1-year low of $26.30 and a 1-year high of $36.00.

Millrose Properties (NYSE:MRP) last announced its earnings results 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 return on equity of 7.90% and a net margin of 64.96%.Millrose Properties’s quarterly revenue was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The business also recently declared 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. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, April 2nd. This represents a $3.04 annualized dividend and a dividend yield of 11.0%. Millrose Properties’s payout ratio is currently 108.96%.

Analyst Upgrades and Downgrades

MRP has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Millrose Properties presently has a consensus rating of “Buy” and an average target price of $37.67.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MRP. Sound Income Strategies LLC acquired a new stake in Millrose Properties in the 4th quarter valued at about $29,000. Root Financial Partners LLC raised its holdings in Millrose Properties by 3,090.6% in the 4th 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 last quarter. Smartleaf Asset Management LLC raised its holdings in Millrose Properties by 55.8% in the 3rd 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 last quarter. NewEdge Advisors LLC acquired a new stake in Millrose Properties in the 1st quarter valued at about $39,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in 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 valued at $44,000 after acquiring 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.