Carlos Migoya Purchases 1,000 Shares of Millrose Properties (NYSE:MRP) Stock

Millrose Properties, Inc. (NYSE:MRP) Director Carlos Migoya purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $29.18 per share, with a total value of $29,180.00. Following the transaction, the director directly owned 30,075 shares in the company, valued at $877,588.50. This trade represents a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Millrose Properties Trading Down 0.5%

NYSE MRP traded down $0.15 on Monday, hitting $28.83. 913,747 shares of the company were exchanged, compared to its average volume of 1,467,095. The company’s 50 day moving average price is $28.85 and its 200-day moving average price is $29.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $4.45 billion, a P/E ratio of 10.05 and a beta of 0.39. Millrose Properties, Inc. has a twelve month low of $26.30 and a twelve month high of $36.00.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Millrose Properties had a net margin of 62.60% and a return on equity of 8.13%. The company had revenue of $196.85 million during the quarter.

Millrose Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, July 6th were given a $0.77 dividend. This is a boost from Millrose Properties’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, July 6th. This represents a $3.08 annualized dividend and a dividend yield of 10.7%. Millrose Properties’s payout ratio is currently 107.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in shares of Millrose Properties in the 4th quarter valued at approximately $29,000. Root Financial Partners LLC raised its holdings in Millrose Properties by 3,090.6% during the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock valued at $30,000 after buying an additional 989 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Millrose Properties in the first quarter worth about $39,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Millrose Properties by 984.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock worth $44,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Millrose Properties by 33.8% in the 4th 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 in the last quarter.

Wall Street Analyst Weigh In

MRP has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Millrose Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen lowered Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $37.67.

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.