Nomura Asset Management Co. Ltd. Has $7 Million Stock Position in Millrose Properties, Inc. $MRP

Nomura Asset Management Co. Ltd. boosted its position in Millrose Properties, Inc. (NYSE:MRP) by 31.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 234,340 shares of the company’s stock after purchasing an additional 55,760 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Millrose Properties were worth $7,000,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MRP. Baird Financial Group Inc. acquired a new stake in Millrose Properties in the 1st quarter valued at about $224,000. Royal Bank of Canada acquired a new stake in Millrose Properties in the 1st quarter valued at about $1,508,000. Advisors Asset Management Inc. acquired a new stake in Millrose Properties in the 1st quarter valued at about $45,000. NewEdge Advisors LLC acquired a new stake in Millrose Properties in the 1st quarter valued at about $39,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Millrose Properties in the 1st quarter valued at about $18,093,000.

Insider Activity at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson bought 4,500 shares of the stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $26.96 per share, with a total value of $121,320.00. Following the completion of the acquisition, the director owned 35,750 shares of the company’s stock, valued at $963,820. This trade represents a 14.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Darren Richman bought 195,000 shares of the stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $27.31 per share, for a total transaction of $5,325,450.00. Following the completion of the acquisition, the insider directly owned 416,000 shares of the company’s stock, valued at approximately $11,360,960. This trade represents a 88.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 240,532 shares of company stock worth $6,567,048 over the last ninety days. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MRP. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $37.67.

Millrose Properties Trading Down 1.0%

Shares of MRP stock opened at $27.55 on Thursday. The firm has a 50 day moving average price of $28.69 and a two-hundred day moving average price of $29.80. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.25 billion, a PE ratio of 9.87 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.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). The company had revenue of $194.93 million for the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.Millrose Properties’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 given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 11.0%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, April 2nd. Millrose Properties’s dividend payout ratio (DPR) is 108.96%.

Millrose Properties Company 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.