Millrose Properties (NYSE:MRP) Director Purchases $29,180.00 in Stock

Millrose Properties, Inc. (NYSE:MRP) Director Carlos Migoya acquired 1,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $29.18 per share, with a total value of $29,180.00. Following the completion of the purchase, the director owned 30,075 shares of the company’s stock, valued at $877,588.50. This trade represents a 3.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Millrose Properties Stock Up 0.0%

NYSE MRP opened at $29.74 on Thursday. The stock has a market cap of $4.59 billion, a PE ratio of 10.36 and a beta of 0.39. Millrose Properties, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $36.00. The business has a 50 day moving average price of $28.93 and a two-hundred day moving average price of $29.27. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.42.

Millrose Properties (NYSE:MRP) last announced its earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. Millrose Properties had a return on equity of 8.13% and a net margin of 62.60%.The company had revenue of $196.85 million during the quarter.

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th were paid a dividend of $0.77 per share. The ex-dividend date was Monday, July 6th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 10.4%. Millrose Properties’s payout ratio is presently 107.32%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Millrose Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One 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. According to data from MarketBeat.com, Millrose Properties has a consensus rating of “Buy” and an average target price of $37.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Millrose Properties during the 4th quarter worth approximately $101,800,000. Vanguard Group Inc. raised its stake in Millrose Properties by 16.3% during the 4th quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock valued at $630,769,000 after purchasing an additional 2,960,066 shares during the period. Permian Investment Partners LP lifted its holdings in shares of Millrose Properties by 116.4% in the fourth quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company’s stock valued at $113,336,000 after purchasing an additional 2,040,900 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Millrose Properties in the second quarter valued at $54,348,000. Finally, State Street Corp boosted its position in shares of Millrose Properties by 23.0% in the fourth quarter. State Street Corp now owns 5,080,719 shares of the company’s stock worth $151,761,000 after buying an additional 950,421 shares during the period.

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.