Millrose Properties, Inc. (NYSE:MRP) Given Average Rating of “Buy” by Analysts

Millrose Properties, Inc. (NYSE:MRP) has earned an average rating of “Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $36.1250.

A number of research analysts have recently commented on MRP shares. Citigroup boosted their price target on shares of Millrose Properties from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research note on Thursday, January 22nd. Finally, BTIG Research initiated coverage on Millrose Properties in a research note on Monday, December 1st. They issued a “buy” rating and a $35.00 target price on the stock.

Hedge Funds Weigh In On Millrose Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 2,960,066 shares during the last quarter. State Street Corp grew its position in Millrose Properties by 23.0% in the fourth 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 in the last quarter. Permian Investment Partners LP increased 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 acquiring an additional 2,040,900 shares during the last quarter. Norges Bank purchased a new stake in Millrose Properties during the fourth quarter valued at about $101,800,000. Finally, Wellington Management Group LLP raised its position in Millrose Properties by 44.7% during the third quarter. Wellington Management Group LLP now owns 2,939,771 shares of the company’s stock valued at $98,806,000 after purchasing an additional 908,189 shares in the last quarter.

Millrose Properties Stock Performance

Millrose Properties stock opened at $31.01 on Friday. Millrose Properties has a 1-year low of $21.02 and a 1-year high of $36.00. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $5.15 billion and a PE ratio of 18.24. The firm’s 50 day simple moving average is $30.42 and its 200 day simple moving average is $31.81.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 9.7%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, January 5th. Millrose Properties’s dividend payout ratio (DPR) is currently 176.47%.

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.