Millrose Properties, Inc. $MRP is Blue Whale Capital LLP’s 10th Largest Position

Blue Whale Capital LLP grew its position in Millrose Properties, Inc. (NYSE:MRP) by 89.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,267,144 shares of the company’s stock after purchasing an additional 1,068,075 shares during the quarter. Millrose Properties comprises approximately 4.2% of Blue Whale Capital LLP’s investment portfolio, making the stock its 10th biggest holding. Blue Whale Capital LLP’s holdings in Millrose Properties were worth $76,199,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in shares of Millrose Properties during the 3rd quarter valued at $29,000. Smartleaf Asset Management LLC grew its stake in Millrose Properties by 55.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after buying an additional 357 shares during the last quarter. Farther Finance Advisors LLC increased its position in Millrose Properties by 95.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $38,000 after buying an additional 547 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Millrose Properties during the 1st quarter valued at about $39,000. Finally, Advisors Asset Management Inc. purchased a new stake in Millrose Properties in the first quarter valued at about $45,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MRP shares. BTIG Research started coverage on Millrose Properties in a report on Monday, December 1st. They issued a “buy” rating and a $35.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Millrose Properties in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Millrose Properties has a consensus rating of “Buy” and a consensus price target of $36.13.

Insider Buying and Selling at Millrose Properties

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

Millrose Properties Stock Performance

Shares of NYSE MRP opened at $29.56 on Wednesday. The company has a 50 day simple moving average of $30.56 and a two-hundred day simple moving average of $31.69. The stock has a market cap of $4.91 billion and a price-to-earnings ratio of 12.12. 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, Inc. has a 12 month low of $21.02 and a 12 month high of $36.00.

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

Millrose Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $3.00 annualized dividend and a yield of 10.1%. This is an increase from Millrose Properties’s previous quarterly dividend of $0.73. Millrose Properties’s payout ratio is 122.95%.

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.