Entropy Technologies LP Sells 64,787 Shares of Millrose Properties, Inc. $MRP

Entropy Technologies LP lowered its position in Millrose Properties, Inc. (NYSE:MRP) by 73.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,141 shares of the company’s stock after selling 64,787 shares during the quarter. Entropy Technologies LP’s holdings in Millrose Properties were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Millrose Properties by 16.3% during the fourth quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock worth $630,769,000 after acquiring an additional 2,960,066 shares in the last quarter. State Street Corp lifted its holdings in shares of Millrose Properties by 23.0% in the 4th 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 during the last quarter. Permian Investment Partners LP boosted its stake in shares of 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 purchasing an additional 2,040,900 shares in the last quarter. Cannell & Spears LLC boosted its stake in shares of Millrose Properties by 1.4% in the 1st quarter. Cannell & Spears LLC now owns 3,677,754 shares of the company’s stock valued at $102,723,000 after purchasing an additional 49,702 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Millrose Properties in the 4th quarter valued at $101,800,000.

Analysts Set New Price Targets

MRP has been the topic of a number of analyst reports. Weiss Ratings cut shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment 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.com, Millrose Properties presently has a consensus rating of “Buy” and a consensus price target of $37.67.

Millrose Properties Price Performance

MRP opened at $28.07 on Thursday. The stock’s 50 day simple moving average is $28.70 and its 200 day simple moving average is $29.39. 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, Inc. has a 1 year low of $26.30 and a 1 year high of $36.00. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 10.06 and a beta of 0.34.

Millrose Properties (NYSE:MRP) last announced its quarterly 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 company had revenue of $194.93 million during the quarter. The business’s revenue was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were issued a $0.77 dividend. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Monday, July 6th. Millrose Properties’s dividend payout ratio (DPR) is 110.39%.

Insider Buying and Selling at Millrose Properties

In other news, Director Matthew B. Gorson bought 4,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $26.96 per share, with a total value of $121,320.00. Following the completion of the purchase, the director directly owned 35,750 shares in the company, valued at $963,820. This represents a 14.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Darren Richman purchased 195,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $27.31 per share, with a total value of $5,325,450.00. Following the completion of the acquisition, the insider directly owned 416,000 shares in the company, valued at $11,360,960. The trade was a 88.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 240,532 shares of company stock worth $6,567,048. 0.23% of the stock is owned by insiders.

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.