Millrose Properties, Inc. $MRP Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Millrose Properties, Inc. (NYSE:MRP) by 29.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,909,575 shares of the company’s stock after acquiring an additional 655,706 shares during the quarter. Geode Capital Management LLC’s holdings in Millrose Properties were worth $86,928,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC acquired a new position in Millrose Properties in the fourth quarter valued at approximately $788,000. Legal & General Group Plc lifted its holdings in Millrose Properties by 12.3% in the fourth quarter. Legal & General Group Plc now owns 354,088 shares of the company’s stock valued at $10,577,000 after acquiring an additional 38,769 shares during the period. Swedbank AB acquired a new position in Millrose Properties in the fourth quarter valued at approximately $664,000. EverSource Wealth Advisors LLC lifted its holdings in Millrose Properties by 44.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,806 shares of the company’s stock valued at $144,000 after acquiring an additional 1,479 shares during the period. Finally, LSV Asset Management lifted its holdings in Millrose Properties by 11.8% in the fourth quarter. LSV Asset Management now owns 242,083 shares of the company’s stock valued at $7,231,000 after acquiring an additional 25,600 shares during the period.

Insider Buying and Selling

In other Millrose Properties news, Director Matthew B. Gorson acquired 4,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 35,750 shares of the company’s stock, valued at $963,820. This represents a 14.40% 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. Also, insider Darren Richman purchased 40,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $27.31 per share, with a total value of $1,092,400.00. Following the completion of the transaction, the insider directly owned 84,000 shares of the company’s stock, valued at $2,294,040. This represents a 90.91% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 240,532 shares of company stock valued at $6,567,048 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Millrose Properties Stock Up 0.0%

Millrose Properties stock opened at $28.93 on Monday. The stock has a market capitalization of $4.46 billion, a PE ratio of 10.37 and a beta of 0.40. Millrose Properties, Inc. has a 12 month low of $26.30 and a 12 month high of $36.00. The business has a 50 day simple moving average of $28.69 and a 200-day simple moving average of $29.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34.

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

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 given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 10.5%. This is a boost 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 presently 108.96%.

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.