SG Americas Securities LLC Grows Stake in Millrose Properties, Inc. $MRP

SG Americas Securities LLC raised its holdings in Millrose Properties, Inc. (NYSE:MRP) by 371.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 116,532 shares of the company’s stock after buying an additional 91,819 shares during the quarter. SG Americas Securities LLC’s holdings in Millrose Properties were worth $3,263,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Millrose Properties in the fourth quarter worth $101,800,000. Vanguard Group Inc. raised its holdings in Millrose Properties by 16.3% in the 4th quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock worth $630,769,000 after purchasing an additional 2,960,066 shares in the last quarter. Permian Investment Partners LP lifted its position in shares of Millrose Properties by 116.4% in the 4th quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company’s stock worth $113,336,000 after purchasing 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 3rd quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company’s stock worth $76,199,000 after purchasing an additional 1,068,075 shares during the period. 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 valued at $151,761,000 after purchasing an additional 950,421 shares in the last quarter.

Millrose Properties Price Performance

Shares of MRP stock opened at $29.98 on Wednesday. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 10.75 and a beta of 0.40. The business’s fifty day moving average is $28.72 and its 200 day moving average is $29.59. Millrose Properties, Inc. has a twelve month low of $26.30 and a twelve month high of $36.00. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 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 firm’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Monday, July 6th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. Millrose Properties’s dividend payout ratio (DPR) is 108.96%.

Insider Activity

In other Millrose Properties news, Director Matthew B. Gorson purchased 4,500 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $26.96 per share, with a total value of $121,320.00. Following the transaction, the director directly owned 35,750 shares in the company, valued at approximately $963,820. The trade was a 14.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Darren Richman purchased 195,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $27.31 per share, with a total value of $5,325,450.00. Following the completion of the transaction, the insider owned 416,000 shares in the company, valued at $11,360,960. This trade represents a 88.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 240,532 shares of company stock valued at $6,567,048. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $37.67.

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.