Millrose Properties (NYSE:MRP) Sets New 1-Year Low – Time to Sell?

Millrose Properties, Inc. (NYSE:MRP) hit a new 52-week low during trading on Wednesday . The stock traded as low as $26.30 and last traded at $26.9480, with a volume of 102856 shares. The stock had previously closed at $26.60.

Analyst Upgrades and Downgrades

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

Millrose Properties Price Performance

The business’s fifty day moving average price is $29.20 and its 200-day moving average price is $30.22. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.21 billion, a P/E ratio of 9.79 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 firm 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 company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend was Thursday, April 2nd. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio is currently 108.96%.

Insider Activity

In related news, insider Darren Richman acquired 40,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $27.31 per share, for a total transaction of $1,092,400.00. Following the acquisition, the insider owned 84,000 shares of the company’s stock, valued at $2,294,040. This trade represents a 90.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew B. Gorson purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $30.66 per share, with a total value of $30,660.00. Following the completion of the purchase, the director owned 25,611 shares of the company’s stock, valued at $785,233.26. This represents a 4.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 237,032 shares of company stock worth $6,476,388 over the last three months. 0.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MRP. Norges Bank bought a new stake in Millrose Properties in the fourth quarter worth $101,800,000. Vanguard Group Inc. boosted its position in Millrose Properties by 16.3% in the fourth quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock worth $630,769,000 after purchasing an additional 2,960,066 shares during the last quarter. Permian Investment Partners LP boosted its holdings in shares of Millrose Properties by 116.4% in the fourth quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company’s stock worth $113,336,000 after buying an additional 2,040,900 shares during the last quarter. Blue Whale Capital LLP grew its position in shares of Millrose Properties by 89.1% during the 3rd quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company’s stock valued at $76,199,000 after acquiring an additional 1,068,075 shares during the period. Finally, State Street Corp grew its holdings in Millrose Properties by 23.0% during the fourth quarter. State Street Corp now owns 5,080,719 shares of the company’s stock valued at $151,761,000 after purchasing an additional 950,421 shares during the period.

About Millrose Properties

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.