Bailard Inc. Invests $663,000 in Millrose Properties, Inc. $MRP

Bailard Inc. acquired a new position in Millrose Properties, Inc. (NYSE:MRP) during the fourth quarter, Holdings Channel reports. The firm acquired 22,192 shares of the company’s stock, valued at approximately $663,000.

Several other large investors also recently added to or reduced their stakes in MRP. Allianz Asset Management GmbH increased its stake in Millrose Properties by 1,371.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 438,705 shares of the company’s stock worth $14,745,000 after acquiring an additional 408,885 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Millrose Properties in the 3rd quarter valued at about $6,029,000. Hodges Capital Management Inc. raised its holdings in shares of Millrose Properties by 180.0% in the 3rd quarter. Hodges Capital Management Inc. now owns 80,722 shares of the company’s stock valued at $2,713,000 after acquiring an additional 51,892 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Millrose Properties by 34.9% in the 3rd quarter. Gabelli Funds LLC now owns 524,366 shares of the company’s stock valued at $17,624,000 after acquiring an additional 135,523 shares in the last quarter. Finally, First Dallas Securities Inc. raised its holdings in shares of Millrose Properties by 62.0% in the 3rd quarter. First Dallas Securities Inc. now owns 92,299 shares of the company’s stock valued at $3,102,000 after acquiring an additional 35,319 shares in the last quarter.

Analyst Ratings Changes

MRP has been the topic of several recent analyst reports. Weiss Ratings cut Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen cut Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Millrose Properties has an average rating of “Buy” and a consensus target price of $37.67.

Insider Buying and Selling

In other Millrose Properties news, insider Darren Richman acquired 40,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $27.31 per share, for a total transaction of $1,092,400.00. Following the transaction, the insider owned 84,000 shares in the company, valued at $2,294,040. This represents a 90.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew B. Gorson acquired 1,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was acquired at an average price of $30.66 per share, for a total transaction of $30,660.00. Following the completion of the transaction, the director owned 25,611 shares in the company, valued at approximately $785,233.26. The trade was a 4.06% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 237,032 shares of company stock worth $6,476,388. Corporate insiders own 0.23% of the company’s stock.

Millrose Properties Price Performance

MRP opened at $27.31 on Friday. The stock’s 50 day simple moving average is $29.20 and its 200 day simple moving average is $30.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34. Millrose Properties, Inc. has a 1 year low of $26.30 and a 1 year high of $36.00. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 9.79 and a beta of 0.59.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The company had revenue of $194.93 million for the quarter. The business’s revenue for the quarter was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were given a $0.76 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 11.1%. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio is 108.96%.

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.