Saber Capital Managment LLC Invests $1.30 Million in Millrose Properties, Inc. $MRP

Saber Capital Managment LLC purchased a new position in shares of Millrose Properties, Inc. (NYSE:MRP) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 43,413 shares of the company’s stock, valued at approximately $1,297,000. Millrose Properties comprises 1.1% of Saber Capital Managment LLC’s holdings, making the stock its 18th biggest position.

Several other institutional investors have also modified their holdings of MRP. Baird Financial Group Inc. purchased a new position in shares of Millrose Properties during the 1st quarter worth $224,000. Royal Bank of Canada purchased a new position in shares of Millrose Properties during the 1st quarter worth $1,508,000. Advisors Asset Management Inc. purchased a new position in shares of Millrose Properties during the 1st quarter worth $45,000. NewEdge Advisors LLC purchased a new position in shares of Millrose Properties during the 1st quarter worth $39,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Millrose Properties during the 1st quarter worth $18,093,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MRP. Wall Street Zen lowered Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $37.67.

Millrose Properties Stock Up 0.1%

Shares of NYSE:MRP opened at $29.16 on Monday. The business has a 50-day moving average price of $28.78 and a 200 day moving average price of $29.75. 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 $4.50 billion, a price-to-earnings ratio of 10.45 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.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The business had revenue of $194.93 million for the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.Millrose Properties’s quarterly 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. Investors of record on Friday, April 3rd were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio is 108.96%.

Insider Transactions at Millrose Properties

In other Millrose Properties news, insider Darren Richman acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $27.31 per share, with a total value of $1,092,400.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Matthew B. Gorson acquired 4,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $26.96 per share, with a total value of $121,320.00. Following the completion of the transaction, the director directly owned 35,750 shares in the company, valued at approximately $963,820. The trade was a 14.40% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 240,532 shares of company stock valued at $6,567,048 over the last three months. Corporate insiders own 0.23% of the company’s stock.

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.