Millrose Properties (NYSE:MRP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Millrose Properties (NYSE:MRP) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $36.13.

Millrose Properties Price Performance

NYSE:MRP opened at $27.90 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4.63 billion, a P/E ratio of 11.43 and a beta of 0.34. Millrose Properties has a 12 month low of $21.64 and a 12 month high of $36.00. The business’s 50-day moving average is $29.93 and its 200 day moving average is $30.86.

Millrose Properties (NYSE:MRP) last posted its earnings results on Thursday, February 26th. The company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $189.50 million for the quarter. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 10.9%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, April 2nd. Millrose Properties’s dividend payout ratio (DPR) is currently 124.59%.

Insider Transactions at Millrose Properties

In related news, Director Matthew B. Gorson acquired 1,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director directly owned 25,611 shares in the company, valued at approximately $785,233.26. This trade represents a 4.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Millrose Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRP. Salomon & Ludwin LLC purchased a new stake in Millrose Properties during the third quarter valued at approximately $29,000. Sound Income Strategies LLC purchased a new stake in shares of Millrose Properties in the fourth quarter worth approximately $29,000. Root Financial Partners LLC raised its holdings in shares of Millrose Properties by 3,090.6% in the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock worth $30,000 after buying an additional 989 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Millrose Properties by 55.8% in the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after buying an additional 357 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Millrose Properties by 95.0% in the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock worth $38,000 after buying an additional 547 shares during the period.

About Millrose Properties

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.