Pensionfund Sabic Makes New $538,000 Investment in Millrose Properties, Inc. $MRP

Pensionfund Sabic bought a new stake in Millrose Properties, Inc. (NYSE:MRP) in the fourth quarter, HoldingsChannel reports. The firm bought 18,000 shares of the company’s stock, valued at approximately $538,000.

Several other hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in Millrose Properties in the third quarter worth $29,000. Smartleaf Asset Management LLC boosted its holdings in shares of Millrose Properties by 55.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $34,000 after buying an additional 357 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Millrose Properties by 95.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $38,000 after buying an additional 547 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Millrose Properties in the 1st quarter worth about $39,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Millrose Properties by 984.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock worth $44,000 after buying an additional 1,201 shares during the period.

Millrose Properties Trading Up 2.2%

Millrose Properties stock opened at $29.38 on Thursday. Millrose Properties, Inc. has a 12 month low of $21.64 and a 12 month high of $36.00. The company has a market capitalization of $4.88 billion and a price-to-earnings ratio of 12.04. The business’s fifty day simple moving average is $30.35 and its two-hundred day simple moving average is $31.25. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36.

Millrose Properties (NYSE:MRP) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.The business had revenue of $189.50 million for the quarter.

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd will be paid a dividend of $0.76 per share. The ex-dividend date is Thursday, April 2nd. This represents a $3.04 annualized dividend and a dividend yield of 10.3%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio is 122.95%.

Insider Activity

In related news, Director Matthew B. Gorson acquired 1,000 shares of Millrose Properties stock in a transaction dated Thursday, March 5th. The stock was purchased at an average cost of $30.66 per share, for a total transaction of $30,660.00. Following the purchase, the director directly owned 25,611 shares of the company’s stock, valued at approximately $785,233.26. This trade represents a 4.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Analyst Ratings Changes

A number of brokerages recently issued reports on MRP. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. BTIG Research assumed coverage on shares of Millrose Properties in a research note on Monday, December 1st. They set a “buy” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $36.13.

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.