28,753 Shares in Millrose Properties, Inc. $MRP Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. purchased a new stake in Millrose Properties, Inc. (NYSE:MRP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,753 shares of the company’s stock, valued at approximately $859,000.

Several other institutional investors have also added to or reduced their stakes in the business. Baird Financial Group Inc. acquired a new position in shares of Millrose Properties during the first quarter valued at about $224,000. Royal Bank of Canada acquired a new stake in Millrose Properties in the 1st quarter worth approximately $1,508,000. Advisors Asset Management Inc. acquired a new stake in Millrose Properties in the 1st quarter worth approximately $45,000. NewEdge Advisors LLC purchased a new stake in Millrose Properties during the 1st quarter worth approximately $39,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Millrose Properties during the 1st quarter worth approximately $18,093,000.

Millrose Properties Price Performance

Shares of NYSE:MRP opened at $28.26 on Monday. Millrose Properties, Inc. has a twelve month low of $21.64 and a twelve month high of $36.00. 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 company has a market cap of $4.69 billion and a PE ratio of 11.58. The company’s 50 day moving average is $30.26 and its 200 day moving average is $31.14.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $189.50 million during the quarter. Millrose Properties had a net margin of 67.42% and a return on equity of 6.90%.

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, April 3rd will be given a dividend of $0.76 per share. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Thursday, April 2nd. Millrose Properties’s payout ratio is presently 122.95%.

Analyst Upgrades and Downgrades

MRP has been the subject of a number of research analyst reports. BTIG Research began coverage on shares of Millrose Properties in a report on Monday, December 1st. They issued a “buy” rating and a $35.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Millrose Properties presently has a consensus rating of “Buy” and a consensus target price of $36.13.

Insider Buying and Selling

In related news, Director Matthew B. Gorson purchased 1,000 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $30.66 per share, with a total value of $30,660.00. Following the transaction, the director owned 25,611 shares of the company’s stock, valued at approximately $785,233.26. This trade represents a 4.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.