Pensionfund Sabic Purchases New Position in Millrose Properties, Inc. $MRP

Pensionfund Sabic acquired a new position in Millrose Properties, Inc. (NYSE:MRP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,000 shares of the company’s stock, valued at approximately $538,000.

Other hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. purchased a new stake in shares of Millrose Properties during the first quarter worth $224,000. Royal Bank of Canada bought a new position in Millrose Properties in the first quarter valued at $1,508,000. Advisors Asset Management Inc. purchased a new position in shares of Millrose Properties during the 1st quarter valued at about $45,000. NewEdge Advisors LLC purchased a new position in shares of Millrose Properties during the first quarter worth approximately $39,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $18,093,000.

Insiders Place Their Bets

In related news, Director Matthew B. Gorson acquired 1,000 shares of Millrose Properties stock in a transaction on Thursday, March 5th. The shares were acquired at an average cost of $30.66 per share, with a total value of $30,660.00. Following the transaction, the director owned 25,611 shares in the company, valued at $785,233.26. This trade represents a 4.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Millrose Properties Stock Up 2.2%

Shares of NYSE:MRP opened at $29.38 on Thursday. Millrose Properties, Inc. has a 1 year low of $21.64 and a 1 year high of $36.00. The company has a market cap of $4.88 billion and a PE ratio of 12.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50-day moving average is $30.35 and its 200 day moving average is $31.25.

Millrose Properties (NYSE:MRP) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $189.50 million during the quarter. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, April 3rd will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 dividend on an annualized basis and a yield of 10.3%. Millrose Properties’s payout ratio is 122.95%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. BTIG Research began coverage on shares of Millrose Properties in a research report on Monday, December 1st. They set a “buy” rating and a $35.00 price target for the company. One research 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. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $36.13.

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.