Janus Henderson Group PLC Has $2.03 Million Stock Holdings in Millrose Properties, Inc. $MRP

Janus Henderson Group PLC boosted its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 36.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,600 shares of the company’s stock after purchasing an additional 19,300 shares during the period. Janus Henderson Group PLC’s holdings in Millrose Properties were worth $2,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MRP. Sound Income Strategies LLC acquired a new position in Millrose Properties in the fourth quarter valued at about $29,000. Root Financial Partners LLC boosted its stake in Millrose Properties by 3,090.6% in the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock worth $30,000 after purchasing an additional 989 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Millrose Properties during the first quarter worth $39,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Millrose Properties by 984.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock valued at $44,000 after buying an additional 1,201 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Millrose Properties by 33.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company’s stock valued at $45,000 after buying an additional 380 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Matthew B. Gorson purchased 4,500 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $26.96 per share, with a total value of $121,320.00. Following the purchase, the director directly owned 35,750 shares in the company, valued at $963,820. This trade represents a 14.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Darren Richman purchased 195,000 shares of Millrose Properties stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $27.31 per share, for a total transaction of $5,325,450.00. Following the completion of the transaction, the insider directly owned 416,000 shares in the company, valued at $11,360,960. The trade was a 88.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 240,532 shares of company stock worth $6,567,048. 0.23% of the stock is currently owned by company insiders.

Millrose Properties Stock Performance

Millrose Properties stock opened at $29.00 on Friday. The company has a market cap of $4.47 billion, a PE ratio of 10.11 and a beta of 0.39. The company has a current ratio of 0.05, a quick ratio of 0.34 and a debt-to-equity ratio of 0.42. Millrose Properties, Inc. has a 1 year low of $26.30 and a 1 year high of $36.00. The company’s 50-day moving average is $28.83 and its two-hundred day moving average is $29.31.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share 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 during the quarter.

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 10.6%. The ex-dividend date was Monday, July 6th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. Millrose Properties’s dividend payout ratio is presently 107.32%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MRP shares. Weiss Ratings upgraded shares of Millrose Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $37.67.

Millrose Properties 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.