Millrose Properties (NYSE:MRP) General Counsel Buys $19,705.50 in Stock

Millrose Properties, Inc. (NYSE:MRP) General Counsel Rachel Presa acquired 725 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $27.18 per share, for a total transaction of $19,705.50. Following the completion of the acquisition, the general counsel directly owned 2,193 shares of the company’s stock, valued at $59,605.74. This trade represents a 49.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed 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 acquired 307 shares of Millrose Properties stock. The stock was acquired at an average cost of $26.62 per share, for a total transaction of $8,172.34.

Millrose Properties Trading Up 0.1%

Shares of Millrose Properties stock traded up $0.04 on Wednesday, hitting $26.64. 2,273,071 shares of the company’s stock traded hands, compared to its average volume of 1,417,910. The firm’s 50-day moving average price is $29.36 and its two-hundred day moving average price is $30.30. The stock has a market capitalization of $4.11 billion, a PE ratio of 9.55 and a beta of 0.59. Millrose Properties, Inc. has a one year low of $26.30 and a one year high of $36.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34.

Millrose Properties (NYSE:MRP) last posted its quarterly 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). The company had revenue of $194.93 million during the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The business’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. Shareholders of record on Friday, April 3rd were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 11.4%. This is an increase 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 108.96%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $36.13.

Hedge Funds Weigh In On Millrose Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new stake in Millrose Properties during the 4th quarter worth approximately $29,000. Root Financial Partners LLC increased its position in shares of Millrose Properties by 3,090.6% during the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock worth $30,000 after acquiring an additional 989 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Millrose Properties by 55.8% during the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after acquiring an additional 357 shares during the period. NewEdge Advisors LLC bought a new stake in Millrose Properties in the 1st quarter valued at $39,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in 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 purchasing an additional 1,201 shares during the period.

About Millrose Properties

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.