Key Points
- Director Matthew Gorson purchased 1,000 shares on March 5 at $30.66 each for $30,660, increasing his holding to 25,611 shares (a 4.06% rise) — the transaction was disclosed in an SEC filing.
- Millrose raised its quarterly dividend to $0.75 ($3.00 annualized), representing a 10.0% yield with a dividend payout ratio of 122.95%.
- Shares trade near $29.95 with a 12‑month range of $21.02–$36.00; the company has a market cap of about $4.97B and a P/E of 12.27, and analysts have an average Buy rating with a $36.13 target.
Millrose Properties, Inc. (NYSE:MRP - Get Free Report) Director Matthew Gorson bought 1,000 shares of the business's stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of $30.66 per share, for a total transaction of $30,660.00. Following the completion of the acquisition, the director owned 25,611 shares of the company's stock, valued at approximately $785,233.26. This trade represents a 4.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Millrose Properties Trading Up 0.6%
Shares of NYSE MRP opened at $29.95 on Tuesday. Millrose Properties, Inc. has a twelve month low of $21.02 and a twelve month high of $36.00. The stock has a market cap of $4.97 billion and a price-to-earnings ratio of 12.27. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.36. The company's fifty day moving average is $30.57 and its 200-day moving average is $31.72.
Millrose Properties (NYSE:MRP - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. The business had revenue of $189.50 million during the quarter. Millrose Properties had a net margin of 67.42% and a return on equity of 6.90%.
Millrose Properties Increases Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 10.0%. This is an increase from Millrose Properties's previous quarterly dividend of $0.73. The ex-dividend date was Monday, January 5th. Millrose Properties's dividend payout ratio is currently 122.95%.
Institutional Investors Weigh In On Millrose Properties
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its holdings in shares of Millrose Properties by 38.4% in the 4th quarter. Corient Private Wealth LLC now owns 30,176 shares of the company's stock valued at $901,000 after acquiring an additional 8,368 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Millrose Properties in the fourth quarter valued at about $5,713,000. Alpine Global Management LLC bought a new stake in Millrose Properties during the fourth quarter worth about $1,862,000. Invesco Ltd. raised its holdings in Millrose Properties by 52.0% during the fourth quarter. Invesco Ltd. now owns 792,366 shares of the company's stock worth $23,668,000 after acquiring an additional 270,913 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in Millrose Properties by 6.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,176 shares of the company's stock valued at $844,000 after purchasing an additional 1,720 shares during the last quarter.
Wall Street Analyst Weigh In
MRP has been the topic of several recent analyst reports. BTIG Research started coverage on Millrose Properties in a report on Monday, December 1st. They set a "buy" rating and a $35.00 price objective on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Millrose Properties in a research note on Thursday, January 22nd. One investment 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $36.13.
View Our Latest Report on Millrose Properties
About Millrose Properties
(
Get Free Report)
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.
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