Verition Fund Management LLC Increases Stock Position in Millrose Properties, Inc. $MRP

Verition Fund Management LLC raised its holdings in Millrose Properties, Inc. (NYSE:MRP) by 380.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 509,082 shares of the company’s stock after purchasing an additional 403,115 shares during the period. Verition Fund Management LLC’s holdings in Millrose Properties were worth $15,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Saber Capital Managment LLC purchased a new stake in shares of Millrose Properties in the fourth quarter valued at about $1,297,000. Mariner LLC lifted its holdings in shares of Millrose Properties by 12.3% in the fourth quarter. Mariner LLC now owns 24,270 shares of the company’s stock valued at $725,000 after purchasing an additional 2,654 shares in the last quarter. FJ Capital Management LLC lifted its holdings in shares of Millrose Properties by 83.6% in the fourth quarter. FJ Capital Management LLC now owns 53,978 shares of the company’s stock valued at $1,612,000 after purchasing an additional 24,583 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Millrose Properties in the fourth quarter valued at about $1,621,000. Finally, Entropy Technologies LP lifted its holdings in shares of Millrose Properties by 164.6% in the fourth quarter. Entropy Technologies LP now owns 87,928 shares of the company’s stock valued at $2,626,000 after purchasing an additional 54,701 shares in the last quarter.

Millrose Properties Stock Performance

Shares of MRP opened at $29.02 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 10.40 and a beta of 0.40. The company’s 50 day simple moving average is $28.81 and its 200 day simple moving average is $29.73. Millrose Properties, Inc. has a 1 year low of $26.30 and a 1 year high of $36.00.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $194.93 million for the quarter. Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. The company’s quarterly revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a dividend yield of 10.5%. Millrose Properties’s payout ratio is currently 108.96%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MRP. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a 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 research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $37.67.

Insider Activity at Millrose Properties

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

Millrose Properties 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.