Quantinno Capital Management LP Boosts Stake in Millrose Properties, Inc. $MRP

Quantinno Capital Management LP lifted its stake in shares of Millrose Properties, Inc. (NYSE:MRP) by 149.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 181,176 shares of the company’s stock after purchasing an additional 108,508 shares during the quarter. Quantinno Capital Management LP’s holdings in Millrose Properties were worth $5,073,000 as of its most recent filing with the Securities and Exchange Commission.

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

Millrose Properties Stock Performance

Shares of MRP stock opened at $28.82 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.34 and a debt-to-equity ratio of 0.42. Millrose Properties, Inc. has a 12-month low of $26.30 and a 12-month high of $36.00. The business’s 50 day moving average is $28.81 and its two-hundred day moving average is $29.31. The company has a market capitalization of $4.45 billion, a P/E ratio of 10.04 and a beta of 0.39.

Millrose Properties (NYSE:MRP) last announced its earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share for the quarter, topping 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 business had revenue of $196.85 million during the quarter.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th were given a dividend of $0.77 per share. This is a boost from Millrose Properties’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date was Monday, July 6th. Millrose Properties’s dividend payout ratio (DPR) is currently 107.32%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Millrose Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Wall Street Zen downgraded Millrose Properties from a “buy” rating to a “hold” rating in a research note 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, Millrose Properties presently has a consensus rating of “Buy” and an average price target of $37.67.

Insider Buying and Selling at Millrose Properties

In related news, insider Darren Richman bought 195,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $27.31 per share, with a total value of $5,325,450.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matthew B. Gorson purchased 4,500 shares of Millrose Properties stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $26.96 per share, with a total value of $121,320.00. Following the transaction, the director owned 35,750 shares in the company, valued at approximately $963,820. The trade was a 14.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 240,532 shares of company stock worth $6,567,048. Insiders own 0.23% of the company’s stock.

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.