Millrose Properties (NYSE:MRP) Stock Rating Upgraded by Wall Street Zen

Millrose Properties (NYSE:MRP) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $36.13.

Millrose Properties Stock Up 0.0%

Shares of NYSE MRP opened at $27.64 on Friday. The stock has a market capitalization of $4.59 billion, a P/E ratio of 11.33 and a beta of 0.34. The stock’s fifty day moving average is $29.97 and its 200 day moving average is $30.95. Millrose Properties has a 52 week low of $21.64 and a 52 week high of $36.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.35 and a current ratio of 0.35.

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

Insider Buying and Selling at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson bought 1,000 shares of Millrose Properties stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $30.66 per share, with a total value of $30,660.00. Following the completion of the acquisition, the director directly owned 25,611 shares in the company, valued at approximately $785,233.26. The trade was a 4.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Millrose Properties by 16.3% in the fourth quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock worth $630,769,000 after buying an additional 2,960,066 shares in the last quarter. State Street Corp lifted its stake in Millrose Properties by 23.0% in the 4th quarter. State Street Corp now owns 5,080,719 shares of the company’s stock worth $151,761,000 after purchasing an additional 950,421 shares in the last quarter. Permian Investment Partners LP boosted its holdings in Millrose Properties by 116.4% in the 4th quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company’s stock valued at $113,336,000 after purchasing an additional 2,040,900 shares during the period. Norges Bank purchased a new position in shares of Millrose Properties during the 4th quarter valued at $101,800,000. Finally, Wellington Management Group LLP increased its holdings in shares of Millrose Properties by 44.7% in the third 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 period.

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.