47,178 Shares of Millrose Properties, Inc. $MRP Bought by Summit Global Investments

Summit Global Investments bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP) in the 3rd quarter, HoldingsChannel reports. The fund bought 47,178 shares of the company’s stock, valued at approximately $1,225,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MRP. CX Institutional acquired a new position in shares of Millrose Properties in the 3rd quarter worth approximately $26,000. IFP Advisors Inc boosted its position in shares of Millrose Properties by 149.0% during the 2nd quarter. IFP Advisors Inc now owns 1,387 shares of the company’s stock worth $42,000 after purchasing an additional 830 shares during the period. Root Financial Partners LLC acquired a new stake in Millrose Properties in the 3rd quarter valued at approximately $42,000. Versant Capital Management Inc acquired a new stake in Millrose Properties in the 3rd quarter valued at approximately $44,000. Finally, Nykredit A S acquired a new stake in Millrose Properties in the 2nd quarter valued at approximately $52,000.

Analyst Ratings Changes

MRP has been the subject of a number of research reports. Citigroup cut Millrose Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings lowered Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Finally, Citizens Jmp cut Millrose Properties from an “outperform” rating to a “market perform” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Millrose Properties Trading Down 0.2%

NYSE:MRP opened at $25.58 on Monday. The firm has a market cap of $3.95 billion, a PE ratio of 8.47 and a beta of 0.52. The stock has a fifty day moving average price of $26.75 and a 200 day moving average price of $28.72. Millrose Properties, Inc. has a 12-month low of $21.07 and a 12-month high of $32.60. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.53.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Millrose Properties had a return on equity of 8.56% and a net margin of 63.24%. The company had revenue of $211.00 million for the quarter. During the same quarter last year, the company earned $0.74 EPS. Millrose Properties’s revenue for the quarter was up 17.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Monday, October 5th were paid a dividend of $0.79 per share. The ex-dividend date was Monday, October 5th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.77. This represents a $3.16 dividend on an annualized basis and a dividend yield of 12.4%. Millrose Properties’s payout ratio is currently 104.64%.

Key Headlines Impacting Millrose Properties

Here are the key news stories impacting Millrose Properties this week:

• Positive Sentiment: Millrose’s recent quarterly results provide a counterpoint to the legal concerns: the company reported $0.78 in EPS, slightly above the $0.77 consensus estimate, while revenue rose 17.7% year over year to $211 million. Earnings per share also increased from $0.74 in the prior-year quarter.
• Neutral Sentiment: Several law firms are competing to represent investors in the same securities class action, reminding shareholders who purchased Millrose securities between February 7, 2025, and October 2, 2026, that the lead-plaintiff deadline is December 8, 2026. The notices do not represent separate confirmed judgments against the company. Kaplan Fox class action notice
• Negative Sentiment: The lawsuit alleges Millrose violated federal securities laws by making misleading statements about its land-bank strategy, including claims that it would have no tenants, while allegedly purchasing approximately $200 million of finished homes intended for rental. If the allegations lead to damages, settlements, or additional disclosures, investors could face greater uncertainty over the company’s strategy, governance, and financial liabilities. Millrose investor alert
• Negative Sentiment: The concentration of announcements from Rosen, Kaplan Fox, Robbins Geller, Pomerantz, and other firms keeps the litigation risk prominent in the market. The case is pending in the U.S. District Court for the Southern District of Florida, and the allegations have not been proven. Rosen Millrose class action notice

Insider Buying and Selling

In other news, Director Carlos Migoya bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $29.18 per share, for a total transaction of $29,180.00. Following the completion of the purchase, the director owned 30,075 shares of the company’s stock, valued at approximately $877,588.50. This represents a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Gorson bought 3,000 shares of Millrose Properties stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $28.80 per share, for a total transaction of $86,400.00. Following the acquisition, the director owned 38,750 shares of the company’s stock, valued at $1,116,000. This represents a 8.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.23% of the stock is currently owned by corporate insiders.

About Millrose Properties

Millrose Properties, Inc is a residential land acquisition and development company focused on providing finished residential lots to homebuilders. Its business involves acquiring land, securing necessary entitlements, and completing infrastructure and other improvements needed to prepare properties for home construction.

The company generally operates through land-banking arrangements and related development agreements with homebuilders. Millrose may own or control land during the development process and subsequently sell finished lots to builders, helping homebuilders access development-ready sites while reducing the time and capital required for land preparation.

Millrose was established in connection with Lennar Corporation’s separation of its residential land and lot development operations and began trading as an independent public company in 2025.