Millrose Properties, Inc. $MRP Stake Trimmed by Mangrove Partners IM LLC

Mangrove Partners IM LLC lowered its stake in Millrose Properties, Inc. (NYSE:MRP) by 4.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,380,992 shares of the company’s stock after selling 60,916 shares during the period. Millrose Properties accounts for approximately 3.4% of Mangrove Partners IM LLC’s holdings, making the stock its 9th biggest position. Mangrove Partners IM LLC’s holdings in Millrose Properties were worth $41,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MRP. Sound Income Strategies LLC purchased a new position in Millrose Properties in the 4th quarter worth about $29,000. Root Financial Partners LLC raised its position in Millrose Properties by 3,090.6% during the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock valued at $30,000 after buying an additional 989 shares during the period. Smartleaf Asset Management LLC lifted its stake in Millrose Properties by 55.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after acquiring an additional 357 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Millrose Properties during the 1st quarter worth about $39,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Millrose Properties by 984.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock worth $44,000 after acquiring an additional 1,201 shares during the period.

Insider Activity

In related news, Director Matthew B. Gorson bought 4,500 shares of Millrose Properties stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $26.96 per share, for a total transaction of $121,320.00. Following the acquisition, the director owned 35,750 shares in the company, valued at $963,820. This trade represents a 14.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Darren Richman bought 40,000 shares of Millrose Properties stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $27.31 per share, with a total value of $1,092,400.00. Following the completion of the acquisition, the insider owned 84,000 shares in the company, valued at approximately $2,294,040. The trade was a 90.91% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 240,532 shares of company stock valued at $6,567,048. 0.23% of the stock is owned by corporate insiders.

Millrose Properties Stock Down 1.2%

Shares of Millrose Properties stock opened at $28.72 on Wednesday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 10.29 and a beta of 0.40. 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, Inc. has a 52-week low of $26.30 and a 52-week high of $36.00. The stock has a 50-day simple moving average of $28.83 and a 200-day simple moving average of $29.71.

Millrose Properties (NYSE:MRP) last announced 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). The firm had revenue of $194.93 million for the quarter. Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. Millrose Properties’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. Stockholders of record on Friday, April 3rd were issued a dividend of $0.76 per share. The ex-dividend date was Thursday, April 2nd. This represents a $3.04 annualized dividend and a dividend yield of 10.6%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio is presently 108.96%.

Analyst Upgrades and Downgrades

MRP has been the subject of a number of research reports. Weiss Ratings lowered Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen lowered 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 assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $37.67.

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.