Millrose Properties, Inc. $MRP Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its stake in shares of Millrose Properties, Inc. (NYSE:MRP) by 14.4% in the 3rd quarter, Holdings Channel reports. The fund owned 469,137 shares of the company’s stock after acquiring an additional 59,111 shares during the quarter. Public Sector Pension Investment Board’s holdings in Millrose Properties were worth $15,768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Millrose Properties by 8.7% in the second quarter. State Street Corp now owns 4,173,660 shares of the company’s stock valued at $118,991,000 after purchasing an additional 333,686 shares during the period. Geode Capital Management LLC grew its position in Millrose Properties by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,208,793 shares of the company’s stock valued at $62,983,000 after buying an additional 44,506 shares during the last quarter. Principal Financial Group Inc. grew its position in Millrose Properties by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,790,629 shares of the company’s stock valued at $60,183,000 after buying an additional 7,041 shares during the last quarter. Moore Capital Management LP increased its stake in Millrose Properties by 12.3% in the 2nd quarter. Moore Capital Management LP now owns 1,258,936 shares of the company’s stock valued at $35,892,000 after buying an additional 137,843 shares during the period. Finally, Blue Whale Capital LLP raised its position in Millrose Properties by 103.2% during the 2nd quarter. Blue Whale Capital LLP now owns 1,199,069 shares of the company’s stock worth $34,185,000 after buying an additional 609,083 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on MRP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a report on Thursday, January 22nd. BTIG Research began coverage on Millrose Properties in a report on Monday, December 1st. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Citigroup boosted their target price on Millrose Properties from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $36.90.

Millrose Properties Stock Performance

Shares of MRP opened at $31.96 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. Millrose Properties, Inc. has a 52-week low of $21.02 and a 52-week high of $36.00. The company has a 50-day simple moving average of $30.44 and a 200-day simple moving average of $31.78. The company has a market capitalization of $5.31 billion and a PE ratio of 18.80.

Millrose Properties Increases Dividend

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