Millrose Properties, Inc. (NYSE:MRP) to Issue Quarterly Dividend of $0.75

Millrose Properties, Inc. (NYSE:MRP) announced a quarterly dividend on Monday, December 22nd. Stockholders of record on Monday, January 5th will be given a dividend of 0.75 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Monday, January 5th. This is a 2.7% increase from Millrose Properties’s previous quarterly dividend of $0.73.

Millrose Properties Stock Performance

NYSE:MRP opened at $29.08 on Tuesday. The firm’s fifty day simple moving average is $31.34 and its 200 day simple moving average is $31.44. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. Millrose Properties has a twelve month low of $19.00 and a twelve month high of $36.00. The firm has a market capitalization of $4.83 billion and a price-to-earnings ratio of 17.10.

Millrose Properties (NYSE:MRP) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $179.26 million during the quarter.

Insider Activity

In other news, Director Carlos A. Migoya purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $32.24 per share, with a total value of $32,240.00. Following the transaction, the director owned 16,766 shares in the company, valued at approximately $540,535.84. The trade was a 6.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew B. Gorson acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was acquired at an average cost of $32.69 per share, with a total value of $81,725.00. Following the acquisition, the director owned 18,160 shares of the company’s stock, valued at $593,650.40. This trade represents a 15.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 11,476 shares of company stock worth $373,264.

Hedge Funds Weigh In On Millrose Properties

A number of large investors have recently bought and sold shares of MRP. Deutsche Bank AG bought a new position in shares of Millrose Properties during the first quarter valued at approximately $698,000. Nuveen LLC acquired a new position in Millrose Properties during the 1st quarter valued at approximately $7,401,000. HighTower Advisors LLC bought a new position in Millrose Properties during the 1st quarter worth $283,000. American Century Companies Inc. acquired a new stake in Millrose Properties in the first quarter worth $631,000. Finally, Raymond James Financial Inc. bought a new stake in Millrose Properties in the first quarter valued at $7,344,000.

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.