LSV Asset Management Purchases 25,600 Shares of Millrose Properties, Inc. $MRP

LSV Asset Management increased its position in Millrose Properties, Inc. (NYSE:MRP) by 11.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 242,083 shares of the company’s stock after buying an additional 25,600 shares during the period. LSV Asset Management’s holdings in Millrose Properties were worth $7,231,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in Millrose Properties by 201.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,765 shares of the company’s stock worth $53,000 after buying an additional 1,180 shares during the period. Creative Financial Designs Inc. ADV bought a new position in Millrose Properties in the 4th quarter worth $52,000. GSA Capital Partners LLP bought a new position in Millrose Properties in the 4th quarter worth $1,139,000. Handelsbanken Fonder AB boosted its holdings in Millrose Properties by 15.4% in the 4th quarter. Handelsbanken Fonder AB now owns 37,400 shares of the company’s stock worth $1,117,000 after buying an additional 5,000 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Millrose Properties by 23.2% in the 4th quarter. Resona Asset Management Co. Ltd. now owns 65,297 shares of the company’s stock worth $1,952,000 after buying an additional 12,307 shares during the period.

Millrose Properties Stock Up 0.1%

Shares of MRP stock opened at $27.65 on Wednesday. The stock has a market cap of $4.26 billion, a P/E ratio of 9.91 and a beta of 0.59. Millrose Properties, Inc. has a 52 week low of $26.30 and a 52 week high of $36.00. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $28.82 and its two-hundred day simple moving average is $29.95.

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

Millrose Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 11.0%. The ex-dividend date was Thursday, April 2nd. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio is presently 108.96%.

Analyst Ratings Changes

MRP has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of 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 given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $37.67.

Insider Buying and Selling at Millrose Properties

In related news, Director Matthew B. Gorson purchased 4,500 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $26.96 per share, for a total transaction of $121,320.00. Following the purchase, the director directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Darren Richman purchased 40,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of $27.31 per share, for a total transaction of $1,092,400.00. Following the purchase, the insider owned 84,000 shares in the company, valued at approximately $2,294,040. This represents a 90.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 241,532 shares of company stock worth $6,597,708. Corporate insiders own 0.23% of the company’s stock.

Millrose Properties Company 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.