50,789 Shares in Millrose Properties, Inc. $MRP Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 50,789 shares of the company’s stock, valued at approximately $1,422,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Millrose Properties during the 4th quarter worth about $101,800,000. Vanguard Group Inc. increased its holdings 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. Permian Investment Partners LP lifted its position in shares of 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 in the last quarter. State Street Corp grew its position in Millrose Properties by 23.0% during the fourth quarter. State Street Corp now owns 5,080,719 shares of the company’s stock valued at $151,761,000 after purchasing an additional 950,421 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in 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 buying an additional 908,189 shares during the period.

Insider Activity at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson acquired 4,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $26.96 per share, with a total value of $121,320.00. Following the transaction, the director owned 35,750 shares of the company’s stock, valued at approximately $963,820. This trade represents a 14.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Darren Richman acquired 195,000 shares of the 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 purchase, the insider owned 416,000 shares of the company’s stock, valued at $11,360,960. The trade was a 88.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 240,532 shares of company stock worth $6,567,048. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MRP. Wall Street Zen lowered shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $37.67.

Millrose Properties Stock Up 0.2%

NYSE MRP traded up $0.04 during trading on Friday, reaching $28.36. The company’s stock had a trading volume of 1,076,709 shares, compared to its average volume of 1,827,910. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.37 billion, a PE ratio of 10.17 and a beta of 0.34. Millrose Properties, Inc. has a 1-year low of $26.30 and a 1-year high of $36.00. The business has a 50-day moving average price of $28.43 and a 200-day moving average price of $29.49.

Millrose Properties (NYSE:MRP) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. The business 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 will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Monday, July 6th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. Millrose Properties’s dividend payout ratio (DPR) is 110.39%.

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.