Millrose Properties, Inc. $MRP Stock Holdings Raised by Blue Whale Capital LLP

Blue Whale Capital LLP boosted its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 89.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,267,144 shares of the company’s stock after acquiring an additional 1,068,075 shares during the quarter. Millrose Properties accounts for 4.2% of Blue Whale Capital LLP’s portfolio, making the stock its 10th biggest holding. Blue Whale Capital LLP owned about 1.37% of Millrose Properties worth $76,199,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in Millrose Properties by 9.9% in the third quarter. Bessemer Group Inc. now owns 3,506 shares of the company’s stock worth $119,000 after purchasing an additional 317 shares during the period. Horiko Capital Management LLC grew its holdings in shares of Millrose Properties by 2.1% in the second quarter. Horiko Capital Management LLC now owns 15,732 shares of the company’s stock worth $451,000 after purchasing an additional 323 shares during the last quarter. Amalgamated Bank increased its stake in Millrose Properties by 0.9% in the 3rd quarter. Amalgamated Bank now owns 36,731 shares of the company’s stock worth $1,235,000 after buying an additional 334 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Millrose Properties by 0.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 125,165 shares of the company’s stock worth $4,007,000 after buying an additional 338 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Millrose Properties by 55.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $34,000 after buying an additional 357 shares in the last quarter.

Millrose Properties Stock Performance

Shares of NYSE:MRP opened at $29.56 on Wednesday. The firm has a 50 day moving average of $30.56 and a 200 day moving average of $31.69. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4.91 billion and a price-to-earnings ratio of 12.12. Millrose Properties, Inc. has a 52 week low of $21.02 and a 52 week high of $36.00.

Millrose Properties (NYSE:MRP) last announced its earnings results on Thursday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $189.50 million for the quarter. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.

Millrose Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 10.1%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, January 5th. Millrose Properties’s payout ratio is presently 122.95%.

Wall Street Analyst Weigh In

MRP has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. BTIG Research started coverage on shares of Millrose Properties in a research note on Monday, December 1st. They set a “buy” rating and a $35.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $36.13.

Insider Buying and Selling

In other news, Director Matthew B. Gorson purchased 1,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was acquired at an average cost of $30.66 per share, with a total value of $30,660.00. Following the completion of the transaction, the director owned 25,611 shares in the company, valued at $785,233.26. This represents a 4.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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.