Darren Richman Acquires 195,000 Shares of Millrose Properties (NYSE:MRP) Stock

Millrose Properties, Inc. (NYSE:MRP) insider Darren Richman bought 195,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $27.31 per share, for a total transaction of $5,325,450.00. Following the completion of the acquisition, the insider directly owned 416,000 shares in the company, valued at approximately $11,360,960. This represents a 88.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Darren Richman also recently made the following trade(s):

• On Monday, May 11th, Darren Richman bought 40,000 shares of Millrose Properties stock. The stock was acquired at an average price of $27.31 per share, for a total transaction of $1,092,400.00.

Millrose Properties Price Performance

Shares of NYSE MRP traded up $0.45 during midday trading on Wednesday, reaching $27.05. The company’s stock had a trading volume of 532,363 shares, compared to its average volume of 1,398,073. 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 company has a 50 day moving average price of $29.36 and a 200 day moving average price of $30.30. Millrose Properties, Inc. has a one year low of $26.30 and a one year high of $36.00. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 9.69 and a beta of 0.59.

Millrose Properties (NYSE:MRP) last released its earnings results on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The business had revenue of $194.93 million during the quarter. The business’s quarterly revenue was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date was Thursday, April 2nd. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s payout ratio is presently 108.96%.

Analyst Upgrades and Downgrades

MRP has been the topic of a number of research reports. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $36.13.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MRP. Norges Bank acquired a new position in Millrose Properties in the 4th quarter valued at approximately $101,800,000. Vanguard Group Inc. increased its stake in 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 buying an additional 2,960,066 shares during the period. Permian Investment Partners LP increased its stake in Millrose Properties by 116.4% in 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 period. Blue Whale Capital LLP increased its stake in Millrose Properties by 89.1% in the 3rd quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company’s stock valued at $76,199,000 after buying an additional 1,068,075 shares during the period. Finally, State Street Corp grew its position 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 acquiring an additional 950,421 shares in the last quarter.

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.