Millrose Properties, Inc. $MRP Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Millrose Properties, Inc. (NYSE:MRP) by 35.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,461 shares of the company’s stock after acquiring an additional 31,592 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Millrose Properties were worth $3,623,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of Millrose Properties in the fourth quarter worth $29,000. Smartleaf Asset Management LLC grew its stake in shares of Millrose Properties by 55.8% during the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after purchasing an additional 357 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Millrose Properties by 95.0% during the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock worth $38,000 after purchasing an additional 547 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Millrose Properties by 984.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock worth $44,000 after purchasing an additional 1,201 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Millrose Properties during the first quarter worth $39,000.

Millrose Properties Stock Performance

Shares of MRP stock opened at $27.30 on Tuesday. 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 firm has a fifty day moving average price of $29.45 and a 200 day moving average price of $30.35. The company has a market cap of $4.21 billion, a P/E ratio of 9.78 and a beta of 0.59. Millrose Properties, Inc. has a 12 month low of $25.62 and a 12 month high of $36.00.

Millrose Properties (NYSE:MRP) last issued its earnings results on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates 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. Millrose Properties’s quarterly revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders 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. This represents a $3.04 annualized dividend and a yield of 11.1%. The ex-dividend date was Thursday, April 2nd. Millrose Properties’s payout ratio is currently 108.96%.

Insider Transactions at Millrose Properties

In related news, Director Matthew B. Gorson acquired 1,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was bought at an average price of $30.66 per share, for a total transaction of $30,660.00. Following the completion of the purchase, the director directly owned 25,611 shares of the company’s stock, valued at approximately $785,233.26. The trade was a 4.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $36.13.

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.