New York State Teachers Retirement System Grows Stake in Millrose Properties, Inc. $MRP

New York State Teachers Retirement System increased its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,162 shares of the company’s stock after purchasing an additional 19,871 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Millrose Properties worth $4,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRP. Sound Income Strategies LLC bought a new position in Millrose Properties during the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its stake in Millrose Properties by 55.8% during 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 during the last quarter. Farther Finance Advisors LLC boosted its stake in Millrose Properties by 95.0% during the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $38,000 after buying an additional 547 shares during the last quarter. NewEdge Advisors LLC bought a new position in Millrose Properties during the first quarter valued at approximately $39,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Millrose Properties by 984.4% during 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 during the last quarter.

Insider Activity

In related news, Director Matthew B. Gorson purchased 1,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $30.66 per share, for a total transaction of $30,660.00. Following the acquisition, the director owned 25,611 shares of the company’s stock, valued at $785,233.26. The trade was a 4.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research note on Thursday, January 22nd. Wall Street Zen raised Millrose Properties from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. One investment 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $36.13.

Millrose Properties Trading Down 6.5%

MRP opened at $28.13 on Thursday. Millrose Properties, Inc. has a 52 week low of $25.22 and a 52 week high of $36.00. The stock’s fifty day moving average is $29.69 and its two-hundred day moving average is $30.47. The company has a market capitalization of $4.67 billion, a P/E ratio of 11.53 and a beta of 0.59. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.36.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). Millrose Properties had a net margin of 67.42% and a return on equity of 6.90%. The company had revenue of $194.93 million during the quarter. The company’s quarterly revenue was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were issued a $0.76 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 10.8%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio (DPR) is 124.59%.

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.