State of Wyoming Acquires New Shares in Millrose Properties, Inc. $MRP

State of Wyoming purchased a new stake in Millrose Properties, Inc. (NYSE:MRP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 28,667 shares of the company’s stock, valued at approximately $744,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cannell & Spears LLC increased its holdings in shares of Millrose Properties by 1.4% in the first quarter. Cannell & Spears LLC now owns 3,677,754 shares of the company’s stock valued at $102,723,000 after purchasing an additional 49,702 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Millrose Properties during the second quarter worth $54,348,000. Callodine Capital Management LP boosted its position in shares of Millrose Properties by 110.8% in the first quarter. Callodine Capital Management LP now owns 762,392 shares of the company’s stock valued at $21,347,000 after acquiring an additional 400,745 shares during the period. Ancora Advisors LLC bought a new stake in shares of Millrose Properties in the second quarter valued at about $18,801,000. Finally, Hawk Ridge Capital Management LP grew its stake in shares of Millrose Properties by 1.7% in the first quarter. Hawk Ridge Capital Management LP now owns 669,109 shares of the company’s stock valued at $18,735,000 after acquiring an additional 11,100 shares in the last quarter.

Millrose Properties Trading Down 2.0%

Shares of NYSE:MRP opened at $25.58 on Friday. The company has a market capitalization of $3.95 billion, a P/E ratio of 8.47 and a beta of 0.53. Millrose Properties, Inc. has a 1 year low of $21.07 and a 1 year high of $32.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.05 and a quick ratio of 0.05. The business’s 50 day simple moving average is $26.75 and its 200 day simple moving average is $28.72.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $211.00 million for the quarter. Millrose Properties had a return on equity of 8.56% and a net margin of 63.24%. Millrose Properties’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS.

Millrose Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Monday, October 5th were issued a dividend of $0.79 per share. This is an increase from Millrose Properties’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Monday, October 5th. This represents a $3.16 annualized dividend and a dividend yield of 12.4%. Millrose Properties’s payout ratio is currently 104.64%.

Insider Buying and Selling at Millrose Properties

In related news, Director Matthew Gorson purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $28.80 per share, for a total transaction of $86,400.00. Following the completion of the transaction, the director owned 38,750 shares of the company’s stock, valued at approximately $1,116,000. This trade represents a 8.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carlos Migoya purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $29.18 per share, for a total transaction of $29,180.00. Following the transaction, the director directly owned 30,075 shares of the company’s stock, valued at $877,588.50. This trade represents a 3.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citizens Jmp lowered shares of Millrose Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, October 5th. Citigroup downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Key Stories Impacting Millrose Properties

Here are the key news stories impacting Millrose Properties this week:

• Positive Sentiment: Millrose’s recent quarterly results provide a counterpoint to the legal concerns: the company reported $0.78 in EPS, slightly above the $0.77 consensus estimate, while revenue rose 17.7% year over year to $211 million. Earnings per share also increased from $0.74 in the prior-year quarter.
• Neutral Sentiment: Several law firms are competing to represent investors in the same securities class action, reminding shareholders who purchased Millrose securities between February 7, 2025, and October 2, 2026, that the lead-plaintiff deadline is December 8, 2026. The notices do not represent separate confirmed judgments against the company. Kaplan Fox class action notice
• Negative Sentiment: The lawsuit alleges Millrose violated federal securities laws by making misleading statements about its land-bank strategy, including claims that it would have no tenants, while allegedly purchasing approximately $200 million of finished homes intended for rental. If the allegations lead to damages, settlements, or additional disclosures, investors could face greater uncertainty over the company’s strategy, governance, and financial liabilities. Millrose investor alert
• Negative Sentiment: The concentration of announcements from Rosen, Kaplan Fox, Robbins Geller, Pomerantz, and other firms keeps the litigation risk prominent in the market. The case is pending in the U.S. District Court for the Southern District of Florida, and the allegations have not been proven. Rosen Millrose class action notice

About Millrose Properties

Millrose Properties, Inc is a residential land acquisition and development company focused on providing finished residential lots to homebuilders. Its business involves acquiring land, securing necessary entitlements, and completing infrastructure and other improvements needed to prepare properties for home construction.

The company generally operates through land-banking arrangements and related development agreements with homebuilders. Millrose may own or control land during the development process and subsequently sell finished lots to builders, helping homebuilders access development-ready sites while reducing the time and capital required for land preparation.

Millrose was established in connection with Lennar Corporation’s separation of its residential land and lot development operations and began trading as an independent public company in 2025.