NewEdge Advisors LLC Increases Holdings in Millrose Properties, Inc. $MRP

NewEdge Advisors LLC boosted its stake in shares of Millrose Properties, Inc. (NYSE:MRP) by 8,054.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,273 shares of the company’s stock after buying an additional 28,914 shares during the period. NewEdge Advisors LLC’s holdings in Millrose Properties were worth $820,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MRP. HighTower Advisors LLC boosted its holdings in Millrose Properties by 3.4% in the 4th quarter. HighTower Advisors LLC now owns 11,206 shares of the company’s stock valued at $335,000 after purchasing an additional 371 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Millrose Properties by 33.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company’s stock worth $45,000 after buying an additional 380 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Millrose Properties by 3.9% during the 1st quarter. HB Wealth Management LLC now owns 10,834 shares of the company’s stock worth $303,000 after buying an additional 403 shares during the last quarter. Ieq Capital LLC raised its position in shares of Millrose Properties by 0.4% during the 4th quarter. Ieq Capital LLC now owns 112,863 shares of the company’s stock valued at $3,371,000 after buying an additional 471 shares during the period. Finally, Unison Advisors LLC raised its position in shares of Millrose Properties by 2.3% during the 1st quarter. Unison Advisors LLC now owns 22,123 shares of the company’s stock valued at $619,000 after buying an additional 503 shares during the period.

Analyst Upgrades and Downgrades

MRP has been the subject of a number of research analyst reports. Wall Street Zen cut Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Millrose Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $37.67.

Millrose Properties Trading Up 1.8%

Shares of NYSE MRP opened at $30.48 on Thursday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.70 billion, a PE ratio of 10.62 and a beta of 0.39. Millrose Properties, Inc. has a twelve month low of $26.30 and a twelve month high of $36.00. The stock has a fifty day simple moving average of $29.06 and a 200-day simple moving average of $29.28.

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

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend was Monday, July 6th. Millrose Properties’s dividend payout ratio is currently 107.32%.

Insider Activity

In other Millrose Properties news, Director Matthew B. Gorson acquired 3,000 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $28.80 per share, with a total value of $86,400.00. Following the completion of the purchase, the director owned 38,750 shares in the company, valued at $1,116,000. This trade represents a 8.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carlos A. Migoya acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $29.18 per share, with a total value of $29,180.00. Following the acquisition, the director directly owned 30,075 shares of the company’s stock, valued at approximately $877,588.50. This represents a 3.44% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.23% of the stock is currently owned by corporate insiders.

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.