Moore Capital Management LP Increases Stake in Millrose Properties, Inc. $MRP

Moore Capital Management LP raised its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 275.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,018,533 shares of the company’s stock after buying an additional 746,923 shares during the period. Moore Capital Management LP’s holdings in Millrose Properties were worth $30,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in Millrose Properties during the fourth quarter valued at approximately $29,000. Root Financial Partners LLC increased its holdings in Millrose Properties by 3,090.6% during the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock valued at $30,000 after buying an additional 989 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Millrose Properties by 55.8% during the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $34,000 after buying an additional 357 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Millrose Properties during the first quarter valued at approximately $39,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Millrose Properties by 984.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock valued at $44,000 after buying an additional 1,201 shares during the last quarter.

Millrose Properties Stock Performance

Shares of NYSE MRP opened at $28.12 on Thursday. The firm has a fifty day moving average price of $28.83 and a 200-day moving average price of $29.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $4.34 billion, a PE ratio of 10.08 and a beta of 0.40. 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 analysts’ consensus estimates of $0.77 by ($0.03). The firm had revenue of $194.93 million during the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.Millrose Properties’s revenue was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 10.8%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, April 2nd. Millrose Properties’s dividend payout ratio is currently 108.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MRP. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $37.67.

Insiders Place Their Bets

In other news, Director Matthew B. Gorson acquired 4,500 shares of Millrose Properties stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $26.96 per share, with a total value of $121,320.00. Following the completion of the purchase, the director directly owned 35,750 shares in the company, valued at approximately $963,820. This trade represents a 14.40% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darren Richman acquired 40,000 shares of Millrose Properties stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $27.31 per share, with a total value of $1,092,400.00. Following the completion of the purchase, the insider owned 84,000 shares of the company’s stock, valued at approximately $2,294,040. This represents a 90.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 240,532 shares of company stock valued at $6,567,048. Corporate insiders own 0.23% of the company’s stock.

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.