Key Points
- Director Matthew Gorson bought 4,500 Millrose Properties shares at $26.96 each, increasing his holdings by 14.4% to 35,750 shares.
- Millrose Properties reported mixed operating results: quarterly EPS of $0.74 missed expectations by $0.03, though revenue rose 135.7% year over year to $194.93 million.
- The stock was under pressure despite the insider buy, opening at $26.61 and sitting near its 52-week low, while analysts currently rate it a consensus Buy with a $37.67 price target.
Millrose Properties, Inc. (NYSE:MRP - Get Free Report) Director Matthew Gorson bought 4,500 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 35,750 shares of the company's stock, valued at $963,820. This represents a 14.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Millrose Properties Stock Down 1.2%
Shares of NYSE:MRP opened at $26.61 on Wednesday. Millrose Properties, Inc. has a 52-week low of $26.30 and a 52-week high of $36.00. The firm has a fifty day moving average of $28.98 and a 200 day moving average of $30.10. The firm has a market capitalization of $4.10 billion, a PE ratio of 9.54 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.34 and a current ratio of 0.34.
Millrose Properties (NYSE:MRP - Get Free Report) last announced 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 during the quarter. The firm's revenue for the quarter was up 135.7% compared to the same quarter last year.
Millrose Properties Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 11.4%. This is a boost from Millrose Properties's previous quarterly dividend of $0.75. The ex-dividend date was Thursday, April 2nd. Millrose Properties's dividend payout ratio (DPR) is presently 108.96%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Millrose Properties from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of 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 assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $37.67.
Read Our Latest Stock Analysis on Millrose Properties
Institutional Trading of Millrose Properties
Several hedge funds have recently added to or reduced their stakes in MRP. Norges Bank bought a new stake in Millrose Properties in the fourth quarter worth $101,800,000. Vanguard Group Inc. lifted its stake in Millrose Properties by 16.3% in the fourth 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. Permian Investment Partners LP lifted its stake in Millrose Properties by 116.4% in the fourth quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company's stock worth $113,336,000 after purchasing an additional 2,040,900 shares during the last quarter. Blue Whale Capital LLP lifted its stake in Millrose Properties by 89.1% in the third quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company's stock worth $76,199,000 after purchasing an additional 1,068,075 shares during the last quarter. Finally, State Street Corp lifted its stake in Millrose Properties by 23.0% in the fourth quarter. State Street Corp now owns 5,080,719 shares of the company's stock worth $151,761,000 after purchasing an additional 950,421 shares during the last quarter.
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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