Swedbank AB Makes New $664,000 Investment in Millrose Properties, Inc. $MRP

Swedbank AB bought a new position in Millrose Properties, Inc. (NYSE:MRP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,226 shares of the company’s stock, valued at approximately $664,000.

Other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH lifted its stake in shares of 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 period. Great Lakes Advisors LLC acquired a new stake in shares of Millrose Properties in the 3rd quarter worth $6,029,000. Hodges Capital Management Inc. lifted its stake 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 worth $2,713,000 after acquiring an additional 51,892 shares during the period. Gabelli Funds LLC lifted its stake 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 worth $17,624,000 after acquiring an additional 135,523 shares during the period. Finally, First Dallas Securities Inc. lifted its stake 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 worth $3,102,000 after acquiring an additional 35,319 shares during the period.

Millrose Properties Stock Up 0.2%

Shares of NYSE MRP opened at $26.98 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. Millrose Properties, Inc. has a 52 week low of $25.22 and a 52 week high of $36.00. The firm has a 50-day moving average price of $29.61 and a 200 day moving average price of $30.43. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.67 and a beta of 0.59.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. The company had revenue of $194.93 million during the quarter. The firm’s revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 11.3%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, April 2nd. Millrose Properties’s dividend payout ratio (DPR) is 108.96%.

Insider Activity at Millrose Properties

In related news, Director Matthew B. Gorson acquired 1,000 shares of Millrose Properties stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of $30.66 per share, for a total transaction of $30,660.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on MRP shares. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Millrose Properties in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $36.13.

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.