Asset Management One Co. Ltd. Acquires 28,398 Shares of Millrose Properties, Inc. $MRP

Asset Management One Co. Ltd. grew its holdings in Millrose Properties, Inc. (NYSE:MRP) by 16.4% during the 3rd quarter, Holdings Channel reports. The fund owned 201,388 shares of the company’s stock after buying an additional 28,398 shares during the period. Asset Management One Co. Ltd.’s holdings in Millrose Properties were worth $6,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MRP. Salomon & Ludwin LLC bought a new stake in shares of Millrose Properties during the 3rd quarter valued at $29,000. MassMutual Private Wealth & Trust FSB lifted its position in Millrose Properties by 144.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company’s stock valued at $28,000 after purchasing an additional 575 shares in the last quarter. First Financial Corp IN bought a new stake in Millrose Properties during the second quarter valued at about $32,000. Farther Finance Advisors LLC grew its holdings in Millrose Properties by 95.0% during the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $38,000 after purchasing an additional 547 shares during the period. Finally, CX Institutional purchased a new stake in Millrose Properties in the second quarter worth about $39,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MRP. Citizens Jmp began coverage on Millrose Properties in a research report on Wednesday, October 8th. They set a “mkt outperform” rating and a $40.00 price objective on the stock. BTIG Research started coverage on shares of Millrose Properties in a research note on Monday, December 1st. They set a “buy” rating and a $35.00 target price on the stock. Citigroup lifted their price target on shares of Millrose Properties from $34.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. JMP Securities began coverage on shares of Millrose Properties in a research note on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $36.90.

Millrose Properties Stock Up 1.4%

NYSE MRP opened at $29.23 on Friday. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $36.00. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4.85 billion and a PE ratio of 17.19. The stock’s 50 day moving average is $30.62 and its 200 day moving average is $31.57.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $179.26 million for the quarter.

Millrose Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, January 5th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 10.3%. Millrose Properties’s dividend payout ratio is 176.47%.

Insider Buying and Selling at Millrose Properties

In related news, Director Matthew B. Gorson purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of $32.69 per share, for a total transaction of $81,725.00. Following the purchase, the director directly owned 18,160 shares in the company, valued at $593,650.40. This trade represents a 15.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick J. Bartels, Jr. acquired 7,500 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were bought at an average cost of $32.52 per share, with a total value of $243,900.00. Following the acquisition, the director directly owned 30,660 shares in the company, valued at approximately $997,063.20. The trade was a 32.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 11,476 shares of company stock worth $373,264.

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.