191,616 Shares in Millrose Properties, Inc. $MRP Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 191,616 shares of the company’s stock, valued at approximately $5,713,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRP. Vanguard Group Inc. increased its position in Millrose Properties by 16.3% in the 4th 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. State Street Corp lifted its holdings in shares of Millrose Properties by 23.0% during the 4th quarter. State Street Corp now owns 5,080,719 shares of the company’s stock valued at $151,761,000 after buying an additional 950,421 shares during the last quarter. Permian Investment Partners LP lifted its holdings in shares of Millrose Properties by 116.4% during the 4th quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company’s stock valued at $113,336,000 after buying an additional 2,040,900 shares during the last quarter. Norges Bank bought a new stake in shares of Millrose Properties in the 4th quarter valued at approximately $101,800,000. Finally, Wellington Management Group LLP grew its stake in shares of 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 in the last quarter.

Millrose Properties Price Performance

NYSE MRP opened at $30.88 on Friday. Millrose Properties, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $36.00. The stock’s 50-day moving average is $28.74 and its two-hundred day moving average is $29.62. 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 firm has a market cap of $4.76 billion, a P/E ratio of 11.07 and a beta of 0.40.

Millrose Properties (NYSE:MRP) last released 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 for the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The firm’s quarterly revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be issued a $0.77 dividend. This is an increase from Millrose Properties’s previous quarterly dividend of $0.76. The ex-dividend date is Monday, July 6th. This represents a $3.08 annualized dividend and a yield of 10.0%. Millrose Properties’s dividend payout ratio is presently 108.96%.

Analyst Upgrades and Downgrades

MRP has been the topic of a number of research reports. 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 report on Monday, May 11th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $37.67.

Insider Activity at Millrose Properties

In related news, insider Darren Richman purchased 40,000 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average price of $27.31 per share, for a total transaction of $1,092,400.00. Following the completion of the acquisition, the insider directly owned 84,000 shares in the company, valued at approximately $2,294,040. This trade represents a 90.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew B. Gorson purchased 4,500 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $26.96 per share, for a total transaction 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 disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 240,532 shares of company stock valued at $6,567,048. Corporate insiders own 0.23% of the company’s stock.

Millrose Properties Company 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.