Millrose Properties (NYSE:MRP) Raised to “Buy” at Wall Street Zen

Millrose Properties (NYSE:MRP) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Millrose Properties currently has a consensus rating of “Buy” and an average price target of $36.13.

Millrose Properties Stock Up 0.0%

Millrose Properties stock opened at $27.64 on Friday. The company has a market cap of $4.59 billion, a P/E ratio of 11.33 and a beta of 0.34. Millrose Properties has a 1-year low of $21.64 and a 1-year high of $36.00. The company has a fifty day simple moving average of $29.97 and a 200 day simple moving average of $30.90. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36.

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

Insider Transactions at Millrose Properties

In other news, Director Matthew B. Gorson purchased 1,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were purchased 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 of the company’s stock, valued at $785,233.26. The trade was a 4.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MRP. Norges Bank acquired a new stake in Millrose Properties in the 4th quarter valued at about $101,800,000. Vanguard Group Inc. raised its stake in Millrose Properties by 16.3% in the fourth 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 raised its stake in Millrose Properties by 116.4% in the fourth 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 lifted its position in shares of Millrose Properties by 89.1% in the third 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 last quarter. Finally, State Street Corp boosted its stake in shares of Millrose Properties by 23.0% during 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 period.

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.