Millrose Properties, Inc. $MRP Stock Holdings Trimmed by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its position in shares of Millrose Properties, Inc. (NYSE:MRP) by 43.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,891 shares of the company’s stock after selling 18,055 shares during the period. Maryland State Retirement & Pension System’s holdings in Millrose Properties were worth $803,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Millrose Properties by 8.7% in the 2nd quarter. State Street Corp now owns 4,173,660 shares of the company’s stock valued at $118,991,000 after acquiring an additional 333,686 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Millrose Properties by 2.1% in the second quarter. Geode Capital Management LLC now owns 2,208,793 shares of the company’s stock worth $62,983,000 after purchasing an additional 44,506 shares during the period. Moore Capital Management LP increased its stake in Millrose Properties by 12.3% during the second quarter. Moore Capital Management LP now owns 1,258,936 shares of the company’s stock valued at $35,892,000 after purchasing an additional 137,843 shares during the last quarter. Blue Whale Capital LLP raised its holdings in shares of Millrose Properties by 103.2% during the second quarter. Blue Whale Capital LLP now owns 1,199,069 shares of the company’s stock worth $34,185,000 after purchasing an additional 609,083 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Millrose Properties in the 1st quarter worth about $18,093,000.

Insider Activity at Millrose Properties

In related news, Director Carlos A. Migoya bought 1,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $32.24 per share, with a total value of $32,240.00. Following the purchase, the director owned 16,766 shares in the company, valued at approximately $540,535.84. This represents a 6.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew B. Gorson bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were purchased at an average cost of $32.69 per share, with a total value of $81,725.00. Following the purchase, the director directly owned 18,160 shares of the company’s stock, valued at approximately $593,650.40. This represents a 15.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 11,476 shares of company stock worth $373,264 in the last 90 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citizens Jmp initiated coverage on shares of Millrose Properties in a research report on Wednesday, October 8th. They set a “mkt outperform” rating and a $40.00 price objective for the company. JMP Securities initiated coverage on Millrose Properties in a research note on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 target price for the company. Citigroup increased their price target on Millrose Properties from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. Finally, BTIG Research assumed coverage on Millrose Properties in a research note on Monday, December 1st. They set a “buy” rating and a $35.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $36.90.

Millrose Properties Stock Performance

MRP opened at $31.13 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $30.45 and its 200-day moving average is $31.74. The stock has a market cap of $5.17 billion and a PE ratio of 18.31. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $36.00.

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

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, January 5th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 9.6%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, January 5th. Millrose Properties’s dividend payout ratio is 176.47%.

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.