CWA Asset Management Group LLC Acquires New Position in Millrose Properties, Inc. $MRP

CWA Asset Management Group LLC acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP) during the 4th quarter, HoldingsChannel reports. The firm acquired 49,701 shares of the company’s stock, valued at approximately $1,485,000.

Other large investors have also recently bought and sold shares of the company. Blue Whale Capital LLP grew its holdings in shares of Millrose Properties by 89.1% during the third quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company’s stock valued at $76,199,000 after purchasing an additional 1,068,075 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Millrose Properties by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,939,771 shares of the company’s stock worth $98,806,000 after purchasing an additional 908,189 shares during the last quarter. Millennium Management LLC boosted its position in Millrose Properties by 125.0% during the 3rd quarter. Millennium Management LLC now owns 1,614,377 shares of the company’s stock valued at $54,259,000 after purchasing an additional 896,938 shares during the period. Goldman Sachs Group Inc. acquired a new position in Millrose Properties during the 1st quarter valued at approximately $18,093,000. Finally, Norges Bank bought a new position in Millrose Properties during the 2nd quarter worth $15,614,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MRP shares. BTIG Research initiated coverage on Millrose Properties in a research report on Monday, December 1st. They issued a “buy” rating and a $35.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $36.13.

Millrose Properties Stock Performance

Shares of NYSE MRP opened at $28.24 on Monday. 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 stock has a 50 day simple moving average of $30.45 and a 200-day simple moving average of $31.35. The company has a market cap of $4.69 billion and a PE ratio of 11.57. Millrose Properties, Inc. has a 12-month low of $21.64 and a 12-month high of $36.00.

Millrose Properties (NYSE:MRP) last posted its earnings results on Thursday, February 26th. The company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The firm 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%.

Insider Activity

In other Millrose Properties news, Director Matthew B. Gorson purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $30.66 per share, with a total value of $30,660.00. Following the completion of the purchase, the director owned 25,611 shares in the company, valued at $785,233.26. This trade represents a 4.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.