Public Employees Retirement System of Ohio Boosts Stock Position in Millrose Properties, Inc. $MRP

Public Employees Retirement System of Ohio raised its holdings in Millrose Properties, Inc. (NYSE:MRP) by 121.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,049 shares of the company’s stock after purchasing an additional 121,141 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Millrose Properties were worth $6,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MRP. Vanguard Group Inc. increased its stake in shares of Millrose Properties by 16.3% during the 4th quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock worth $630,769,000 after purchasing an additional 2,960,066 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Millrose Properties by 24.4% in the 4th quarter. State of Alaska Department of Revenue now owns 180,194 shares of the company’s stock worth $5,381,000 after purchasing an additional 35,304 shares during the period. Principal Financial Group Inc. lifted its stake in Millrose Properties by 7.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,928,856 shares of the company’s stock valued at $57,615,000 after purchasing an additional 138,227 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in Millrose Properties in the fourth quarter valued at approximately $2,514,000. Finally, Thrivent Financial for Lutherans grew its holdings in Millrose Properties by 34.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 726,605 shares of the company’s stock valued at $21,703,000 after purchasing an additional 187,243 shares during the period.

Insider Transactions at Millrose Properties

In other news, Director Matthew B. Gorson purchased 4,500 shares of the stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $26.96 per share, with a total value of $121,320.00. Following the completion of the acquisition, the director owned 35,750 shares in the company, valued at $963,820. This represents a 14.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Darren Richman acquired 40,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $27.31 per share, with a total value of $1,092,400.00. Following the completion of the transaction, the insider directly owned 84,000 shares of the company’s stock, valued at $2,294,040. This trade represents a 90.91% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 240,532 shares of company stock worth $6,567,048 in the last three months. 0.23% of the stock is currently owned by insiders.

Millrose Properties Stock Up 0.5%

Millrose Properties stock opened at $28.56 on Wednesday. The firm has a 50 day simple moving average of $28.69 and a 200 day simple moving average of $29.40. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. Millrose Properties, Inc. has a 1-year low of $26.30 and a 1-year high of $36.00. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 10.24 and a beta of 0.34.

Millrose Properties (NYSE:MRP) last posted its earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The company had revenue of $194.93 million for the quarter. The company’s quarterly 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, July 15th. Investors of record on Monday, July 6th were issued a dividend of $0.77 per share. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Monday, July 6th. This represents a $3.08 dividend on an annualized basis and a yield of 10.8%. Millrose Properties’s payout ratio is currently 110.39%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Millrose Properties from a “buy” rating to a “hold” rating in a research report 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 investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $37.67.

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.