GSA Capital Partners LLP Purchases Shares of 38,140 Millrose Properties, Inc. $MRP

GSA Capital Partners LLP purchased a new stake in Millrose Properties, Inc. (NYSE:MRP) during the 4th quarter, Holdings Channel.com reports. The firm purchased 38,140 shares of the company’s stock, valued at approximately $1,139,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MRP. Vanguard Group Inc. raised its stake in shares of Millrose Properties by 16.3% in the 4th quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock valued at $630,769,000 after purchasing an additional 2,960,066 shares during the period. Blue Whale Capital LLP raised its stake in shares of Millrose Properties by 89.1% in the 3rd quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company’s stock valued at $76,199,000 after purchasing an additional 1,068,075 shares during the period. Wellington Management Group LLP raised its stake in shares of Millrose Properties by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,939,771 shares of the company’s stock valued at $98,806,000 after purchasing an additional 908,189 shares during the period. Millennium Management LLC raised its stake in shares of Millrose Properties by 125.0% in the 3rd quarter. Millennium Management LLC now owns 1,614,377 shares of the company’s stock valued at $54,259,000 after purchasing an additional 896,938 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Millrose Properties in the 1st quarter valued at about $18,093,000.

Insider Activity

In related news, insider Darren Richman acquired 195,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $27.31 per share, for a total transaction of $5,325,450.00. Following the acquisition, the insider directly owned 416,000 shares of the company’s stock, valued at approximately $11,360,960. The trade was a 88.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew B. Gorson acquired 4,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $26.96 per share, with a total value of $121,320.00. Following the acquisition, the director directly owned 35,750 shares in the company, valued at $963,820. This represents a 14.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 241,532 shares of company stock valued at $6,597,708 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Millrose Properties Price Performance

Shares of NYSE MRP opened at $27.48 on Friday. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 9.85 and a beta of 0.59. The business has a 50-day moving average of $28.89 and a 200-day moving average of $30.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34. Millrose Properties, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $36.00.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data 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 company had revenue of $194.93 million during the quarter. Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. Millrose Properties’s revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 11.1%. 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 dividend payout ratio is 108.96%.

Analysts Set New Price Targets

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