Key Points
- Millrose Properties General Counsel Rachel Presa bought 725 shares on May 11 at an average price of $27.18, totaling about $19,705.50, and increased her ownership by nearly 49%.
- Presa also bought 307 additional shares on May 13 at $26.62 per share, signaling continued insider buying in the stock.
- Millrose Properties reported mixed fundamentals: it beat revenue growth expectations with quarterly revenue up 135.7% year over year, but EPS of $0.74 missed estimates, while analysts currently rate the stock a consensus Buy with a $36.13 target price.
Millrose Properties, Inc. (NYSE:MRP - Get Free Report) General Counsel Rachel Presa bought 725 shares of the business's stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $27.18 per share, for a total transaction of $19,705.50. Following the purchase, the general counsel directly owned 2,193 shares in the company, valued at $59,605.74. This represents a 49.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Rachel Presa also recently made the following trade(s):
- On Wednesday, May 13th, Rachel Presa bought 307 shares of Millrose Properties stock. The shares were acquired at an average cost of $26.62 per share, for a total transaction of $8,172.34.
Millrose Properties Stock Up 0.1%
Shares of Millrose Properties stock opened at $26.64 on Thursday. The business's fifty day moving average price is $29.27 and its two-hundred day moving average price is $30.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $4.11 billion, a P/E ratio of 9.55 and a beta of 0.59. Millrose Properties, Inc. has a 1-year low of $26.30 and a 1-year high of $36.00.
Millrose Properties (NYSE:MRP - Get Free Report) last announced its earnings results 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 business had revenue of $194.93 million for the quarter. Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. The business's quarterly revenue was up 135.7% on a year-over-year basis.
Millrose Properties Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend was Thursday, April 2nd. This is an increase from Millrose Properties's previous quarterly dividend of $0.75. Millrose Properties's dividend payout ratio (DPR) is presently 108.96%.
Institutional Trading of Millrose Properties
Hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in shares of Millrose Properties in the 4th quarter worth $29,000. Smartleaf Asset Management LLC raised its stake in shares of Millrose Properties by 55.8% in 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 in the last quarter. Root Financial Partners LLC raised its stake in shares of Millrose Properties by 3,090.6% in the 4th quarter. Root Financial Partners LLC now owns 1,021 shares of the company's stock worth $30,000 after buying an additional 989 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Millrose Properties by 984.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company's stock worth $44,000 after buying an additional 1,201 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Millrose Properties in the 1st quarter worth $39,000.
Analysts Set New Price Targets
MRP has been the topic of several recent analyst reports. 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $36.13.
Read Our Latest Research Report on MRP
Millrose Properties Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
