Swiss National Bank Acquires 61,900 Shares of Millrose Properties, Inc. $MRP

Swiss National Bank lifted its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 25.5% during the first quarter, HoldingsChannel reports. The firm owned 305,086 shares of the company’s stock after acquiring an additional 61,900 shares during the quarter. Swiss National Bank’s holdings in Millrose Properties were worth $8,542,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MRP. HighTower Advisors LLC grew its position in shares of Millrose Properties by 3.4% in the 4th quarter. HighTower Advisors LLC now owns 11,206 shares of the company’s stock valued at $335,000 after purchasing an additional 371 shares during the period. Farther Finance Advisors LLC raised its holdings in Millrose Properties by 33.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company’s stock worth $45,000 after buying an additional 380 shares during the period. HB Wealth Management LLC lifted its stake in Millrose Properties by 3.9% in the first quarter. HB Wealth Management LLC now owns 10,834 shares of the company’s stock valued at $303,000 after buying an additional 403 shares in the last quarter. Unison Advisors LLC lifted its stake in Millrose Properties by 2.1% in the fourth quarter. Unison Advisors LLC now owns 21,620 shares of the company’s stock valued at $646,000 after buying an additional 439 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Millrose Properties by 0.4% in the fourth quarter. Ieq Capital LLC now owns 112,863 shares of the company’s stock valued at $3,371,000 after buying an additional 471 shares in the last quarter.

Insider Activity

In other news, Director Matthew B. Gorson bought 4,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $26.96 per share, for a total transaction of $121,320.00. Following the purchase, the director owned 35,750 shares of the company’s stock, valued at approximately $963,820. This trade represents a 14.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Darren Richman purchased 195,000 shares of Millrose Properties stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $27.31 per share, with a total value of $5,325,450.00. Following the acquisition, the insider directly owned 416,000 shares of the company’s stock, valued at $11,360,960. This trade represents a 88.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 240,532 shares of company stock worth $6,567,048 over the last 90 days. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Millrose Properties Stock Performance

MRP opened at $28.42 on Tuesday. Millrose Properties, Inc. has a 52-week low of $26.30 and a 52-week high of $36.00. The firm has a market capitalization of $4.38 billion, a PE ratio of 10.19 and a beta of 0.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.34 and a current ratio of 0.34. The business’s 50-day simple moving average is $28.65 and its 200 day simple moving average is $29.40.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) 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 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were paid a dividend of $0.77 per share. The ex-dividend date was Monday, July 6th. This represents a $3.08 annualized dividend and a dividend yield of 10.8%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.76. Millrose Properties’s dividend payout ratio (DPR) is presently 110.39%.

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.