Millrose Properties (NYSE:MRP) General Counsel Rachel Presa Buys 725 Shares

Millrose Properties, Inc. (NYSE:MRP) General Counsel Rachel Presa acquired 725 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $27.18 per share, with a total value of $19,705.50. Following the transaction, the general counsel directly owned 2,193 shares of the company’s stock, valued at $59,605.74. The trade was a 49.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Rachel Presa also recently made the following trade(s):

• On Wednesday, May 13th, Rachel Presa purchased 307 shares of Millrose Properties stock. The shares were purchased at an average price of $26.62 per share, for a total transaction of $8,172.34.

Millrose Properties Stock Performance

Shares of MRP stock traded up $0.04 during mid-day trading on Wednesday, reaching $26.64. The stock had a trading volume of 2,273,071 shares, compared to its average volume of 1,417,910. Millrose Properties, Inc. has a one year low of $26.30 and a one year high of $36.00. The firm has a market cap of $4.11 billion, a PE ratio of 9.55 and a beta of 0.59. The firm’s 50 day simple moving average is $29.36 and its 200 day simple moving average is $30.30. 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 (NYSE:MRP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The business had revenue of $194.93 million for the quarter. The business’s quarterly revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were given a dividend of $0.76 per share. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, April 2nd. This represents a $3.04 dividend on an annualized basis and a yield of 11.4%. Millrose Properties’s dividend payout ratio is currently 108.96%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Baird Financial Group Inc. bought a new stake in shares of Millrose Properties during the first quarter worth $224,000. Royal Bank of Canada bought a new position in Millrose Properties in the first quarter valued at about $1,508,000. Advisors Asset Management Inc. acquired a new stake in Millrose Properties in the first quarter worth about $45,000. NewEdge Advisors LLC acquired a new stake in Millrose Properties in the first quarter worth about $39,000. Finally, Goldman Sachs Group Inc. bought a new stake in Millrose Properties during the 1st quarter worth about $18,093,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MRP. Wall Street Zen cut Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.