ExodusPoint Capital Management LP Has $24.49 Million Holdings in Millrose Properties, Inc. $MRP

ExodusPoint Capital Management LP grew its holdings in Millrose Properties, Inc. (NYSE:MRP) by 1,006.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 819,797 shares of the company’s stock after acquiring an additional 745,684 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Millrose Properties were worth $24,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of Millrose Properties in the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC grew its stake in shares of 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 buying an additional 357 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of 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 buying an additional 989 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 buying an additional 1,201 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Millrose Properties in the first quarter valued at $39,000.

Insider Buying and Selling at Millrose Properties

In related news, Director Matthew B. Gorson acquired 4,500 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $26.96 per share, for a total transaction of $121,320.00. Following the completion of the acquisition, the director directly owned 35,750 shares in the company, valued at approximately $963,820. This trade represents a 14.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Darren Richman acquired 195,000 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 $5,325,450.00. Following the completion of the acquisition, the insider owned 416,000 shares of the company’s stock, valued at approximately $11,360,960. The trade was a 88.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 240,532 shares of company stock worth $6,567,048. Corporate insiders own 0.23% of the company’s stock.

Millrose Properties Stock Performance

Shares of NYSE MRP opened at $28.72 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. Millrose Properties, Inc. has a 12 month low of $26.30 and a 12 month high of $36.00. The stock has a 50 day moving average of $28.83 and a 200-day moving average of $29.71. The company has a market capitalization of $4.43 billion, a P/E ratio of 10.29 and a beta of 0.40.

Millrose Properties (NYSE:MRP) last released 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 business’s quarterly revenue was up 135.7% compared to the same quarter last year.

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 issued a $0.76 dividend. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a dividend yield of 10.6%. The ex-dividend date was Thursday, April 2nd. Millrose Properties’s dividend payout ratio is presently 108.96%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MRP shares. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research 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. Based on data from MarketBeat, Millrose Properties currently has an average rating of “Buy” and a consensus 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.