Millrose Properties, Inc. $MRP Shares Bought by Entropy Technologies LP

Entropy Technologies LP raised its stake in Millrose Properties, Inc. (NYSE:MRP) by 164.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,928 shares of the company’s stock after acquiring an additional 54,701 shares during the quarter. Entropy Technologies LP’s holdings in Millrose Properties were worth $2,626,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in Millrose Properties in the fourth quarter valued at approximately $29,000. Root Financial Partners LLC lifted its holdings in Millrose Properties by 3,090.6% in the fourth 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 period. Smartleaf Asset Management LLC lifted its holdings in Millrose Properties by 55.8% in the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $34,000 after acquiring an additional 357 shares during the period. NewEdge Advisors LLC acquired a new position in Millrose Properties in the first quarter valued at approximately $39,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Millrose Properties by 984.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock valued at $44,000 after acquiring an additional 1,201 shares during the period.

Millrose Properties Stock Up 0.1%

Millrose Properties stock opened at $29.16 on Monday. The stock has a market capitalization of $4.50 billion, a PE 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. The business has a 50 day simple moving average of $28.78 and a 200-day simple moving average of $29.75. 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 (NYSE:MRP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The business had revenue of $194.93 million during the quarter. Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. Millrose Properties’s revenue 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. 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 is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a dividend yield of 10.4%. Millrose Properties’s dividend payout ratio (DPR) is presently 108.96%.

Insider Activity at Millrose Properties

In other news, insider Darren Richman purchased 40,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $27.31 per share, for a total transaction of $1,092,400.00. Following the completion of 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew B. Gorson purchased 4,500 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average price 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 of the company’s stock, valued at $963,820. This represents a 14.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 240,532 shares of company stock valued at $6,567,048 over the last quarter. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MRP has been the subject of a number of recent analyst reports. Weiss Ratings cut Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen cut 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 given a Hold rating to the stock. According to MarketBeat.com, Millrose Properties presently has a consensus rating of “Buy” and a consensus target price of $37.67.

Millrose Properties 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.