Miller Value Partners LLC Takes Position in Millrose Properties, Inc. $MRP

Miller Value Partners LLC purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 82,800 shares of the company’s stock, valued at approximately $2,473,000. Millrose Properties comprises about 0.9% of Miller Value Partners LLC’s holdings, making the stock its 28th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Hodges Capital Management Inc. boosted its holdings in shares of Millrose Properties by 180.0% during 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 during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Millrose Properties by 16.3% during the 4th quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock valued at $630,769,000 after acquiring an additional 2,960,066 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Millrose Properties by 24.4% during the 4th quarter. State of Alaska Department of Revenue now owns 180,194 shares of the company’s stock valued at $5,381,000 after acquiring an additional 35,304 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Millrose Properties by 7.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,928,856 shares of the company’s stock valued at $57,615,000 after acquiring an additional 138,227 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Millrose Properties by 34.9% during 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 during the last quarter.

Insider Activity at Millrose Properties

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

Millrose Properties Price Performance

Shares of NYSE:MRP opened at $28.12 on Thursday. The firm’s 50 day moving average price is $28.83 and its 200-day moving average price is $29.70. Millrose Properties, Inc. has a twelve month low of $26.30 and a twelve month high of $36.00. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.34 billion, a PE ratio of 10.08 and a beta of 0.40.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share 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 business had revenue of $194.93 million during the quarter. The company’s revenue was up 135.7% on a year-over-year basis.

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 paid a $0.76 dividend. 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 annualized dividend and a dividend yield of 10.8%. Millrose Properties’s dividend payout ratio (DPR) is currently 108.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MRP. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $37.67.

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.