Millrose Properties, Inc. (MRP) To Go Ex-Dividend on October 5th

Millrose Properties, Inc. (NYSE:MRP) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Monday, October 5th will be given a dividend of $0.79 per share on Thursday, October 15th. This represents a $3.16 annualized dividend and a yield of 11.7%. The ex-dividend date is Monday, October 5th. This is a 2.6% increase from Millrose Properties’s previous quarterly dividend of $0.77.

Millrose Properties Trading Up 0.8%

Shares of MRP opened at $27.04 on Friday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 9.42 and a beta of 0.41. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.05 and a quick ratio of 0.05. Millrose Properties has a 1-year low of $26.30 and a 1-year high of $34.63. The company has a 50-day moving average of $29.55 and a 200 day moving average of $29.10.

Millrose Properties (NYSE:MRP) last issued its earnings results on Tuesday, August 4th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Millrose Properties had a net margin of 62.60% and a return on equity of 8.13%. The business had revenue of $196.85 million for the quarter.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Carlos Migoya bought 1,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $29.18 per share, with a total value of $29,180.00. Following the transaction, the director owned 30,075 shares of the company’s stock, valued at approximately $877,588.50. This trade represents a 3.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Gorson purchased 3,000 shares of Millrose Properties stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $28.80 per share, with a total value of $86,400.00. Following the acquisition, the director owned 38,750 shares in the company, valued at approximately $1,116,000. This represents a 8.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HB Wealth Management LLC increased its holdings in Millrose Properties by 3.9% in the 1st quarter. HB Wealth Management LLC now owns 10,834 shares of the company’s stock worth $303,000 after buying an additional 403 shares during the period. Unison Advisors LLC increased its stake in shares of Millrose Properties by 2.3% in the first quarter. Unison Advisors LLC now owns 22,123 shares of the company’s stock worth $619,000 after acquiring an additional 503 shares during the period. Allworth Financial LP raised its holdings in shares of Millrose Properties by 11.6% during the second quarter. Allworth Financial LP now owns 5,249 shares of the company’s stock worth $158,000 after purchasing an additional 545 shares during the last quarter. Cetera Investment Advisers lifted its position in Millrose Properties by 6.2% during the first quarter. Cetera Investment Advisers now owns 9,929 shares of the company’s stock valued at $278,000 after purchasing an additional 579 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its holdings in Millrose Properties by 7.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 9,186 shares of the company’s stock valued at $274,000 after purchasing an additional 649 shares during the last quarter.

About Millrose Properties

Millrose Properties, Inc (NYSE: MRP) is a real estate company focused on providing land-banking solutions to residential homebuilders. The company acquires and develops residential land and finished lots, which it then makes available to homebuilders through long-term arrangements. This model is designed to help builders secure future community sites while reducing the amount of capital tied up in land acquisition and development.

Millrose primarily targets residential growth markets, including communities in the U.S.