Millrose Properties (NYSE:MRP) Reaches New 1-Year Low – Should You Sell?

Millrose Properties, Inc. (NYSE:MRP)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $26.30 and last traded at $26.9480, with a volume of 102856 shares trading hands. The stock had previously closed at $26.60.

Analyst Ratings Changes

Several equities analysts recently commented on MRP shares. Wall Street Zen lowered Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Millrose Properties presently has a consensus rating of “Buy” and an average target price of $36.13.

Millrose Properties Trading Up 0.0%

The company’s fifty day moving average price is $29.36 and its two-hundred day moving average price is $30.30. The firm has a market cap of $4.10 billion, a PE ratio of 9.56 and a beta of 0.59. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. The company had revenue of $194.93 million during the quarter. The firm’s 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. Investors of record on Friday, April 3rd were given a dividend of $0.76 per share. The ex-dividend date was Thursday, April 2nd. This represents a $3.04 dividend on an annualized basis and a yield of 11.4%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio (DPR) is 108.96%.

Insider Activity

In related news, Director Matthew B. Gorson bought 1,000 shares of the stock in a transaction dated Thursday, March 5th. The stock was acquired 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 owned 25,611 shares in the company, valued at $785,233.26. This represents a 4.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Darren Richman acquired 195,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $27.31 per share, with a total value of $5,325,450.00. Following the completion of the transaction, the insider owned 416,000 shares in the company, valued at $11,360,960. The trade was a 88.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 236,000 shares of company stock worth $6,448,510. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Millrose Properties

Large investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in shares of Millrose Properties in the fourth quarter worth about $29,000. Root Financial Partners LLC increased its holdings in shares of Millrose Properties by 3,090.6% during the 4th quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock valued at $30,000 after acquiring an additional 989 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 357 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Millrose Properties during the first quarter worth about $39,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Millrose Properties by 984.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock valued at $44,000 after buying an additional 1,201 shares during the period.

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.