BNP Paribas Financial Markets Buys 330,787 Shares of Millrose Properties, Inc. $MRP

BNP Paribas Financial Markets grew its stake in shares of Millrose Properties, Inc. (NYSE:MRP) by 508.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 395,907 shares of the company’s stock after acquiring an additional 330,787 shares during the period. BNP Paribas Financial Markets’ holdings in Millrose Properties were worth $11,826,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of Millrose Properties by 9.9% in the 3rd quarter. Bessemer Group Inc. now owns 3,506 shares of the company’s stock worth $119,000 after buying an additional 317 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Millrose Properties by 55.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after purchasing an additional 357 shares during the period. HighTower Advisors LLC boosted its stake in shares of Millrose Properties by 3.4% during the fourth quarter. HighTower Advisors LLC now owns 11,206 shares of the company’s stock valued at $335,000 after purchasing an additional 371 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Millrose Properties by 33.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company’s stock valued at $45,000 after purchasing an additional 380 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Millrose Properties by 16.5% during the third quarter. Fifth Third Bancorp now owns 2,787 shares of the company’s stock valued at $94,000 after buying an additional 395 shares during the period.

Insider Buying and Selling at Millrose Properties

In other news, Director Matthew B. Gorson bought 4,500 shares of Millrose Properties stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of $26.96 per share, for a total transaction of $121,320.00. Following the purchase, the director directly owned 35,750 shares of the company’s stock, valued at approximately $963,820. The trade was a 14.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Darren Richman purchased 195,000 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $27.31 per share, with a total value of $5,325,450.00. Following the transaction, the insider owned 416,000 shares in the company, valued at $11,360,960. This trade represents a 88.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 240,532 shares of company stock worth $6,567,048. 0.23% of the stock is owned by insiders.

Millrose Properties Stock Up 0.0%

MRP stock opened at $28.93 on Monday. The firm has a 50 day moving average of $28.69 and a 200 day moving average of $29.78. The stock has a market capitalization of $4.46 billion, a PE ratio of 10.37 and a beta of 0.40. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. Millrose Properties, Inc. has a 52 week low of $26.30 and a 52 week high of $36.00.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The company had revenue of $194.93 million for the quarter. Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. The company’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s payout ratio is currently 108.96%.

Analysts Set New Price Targets

MRP has been the subject of a number of analyst reports. Wall Street Zen lowered Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Millrose Properties has a consensus rating of “Buy” and a consensus target price of $37.67.

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.