Millrose Properties, Inc. $MRP Position Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position in Millrose Properties, Inc. (NYSE:MRP) by 68.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,485 shares of the company’s stock after selling 46,166 shares during the period. Sterling Capital Management LLC’s holdings in Millrose Properties were worth $602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in Millrose Properties during the 1st quarter worth approximately $1,915,000. SG Americas Securities LLC increased its holdings in shares of Millrose Properties by 371.5% in the 1st quarter. SG Americas Securities LLC now owns 116,532 shares of the company’s stock valued at $3,263,000 after acquiring an additional 91,819 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Millrose Properties during the 4th quarter valued at approximately $5,713,000. Corient Private Wealth LLC lifted its stake in Millrose Properties by 38.4% during the fourth quarter. Corient Private Wealth LLC now owns 30,176 shares of the company’s stock worth $901,000 after purchasing an additional 8,368 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in Millrose Properties during the fourth quarter worth $1,862,000.

Insider Buying and Selling at Millrose Properties

In other news, insider Darren Richman purchased 195,000 shares of Millrose Properties stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $27.31 per share, with a total value of $5,325,450.00. Following the completion of the acquisition, the insider owned 416,000 shares in the company, valued at $11,360,960. The trade was a 88.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew B. Gorson acquired 4,500 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $26.96 per share, for a total transaction of $121,320.00. Following the acquisition, the director owned 35,750 shares in the company, valued at approximately $963,820. This trade represents a 14.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 240,532 shares of company stock valued at $6,567,048. Corporate insiders own 0.23% of the company’s stock.

Millrose Properties Stock Up 0.4%

NYSE:MRP opened at $29.77 on Friday. The firm has a market capitalization of $4.59 billion, a PE ratio of 10.67 and a beta of 0.34. The stock has a 50 day moving average of $28.68 and a 200-day moving average of $29.56. Millrose Properties, Inc. has a 52 week low of $26.30 and a 52 week high of $36.00. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41.

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

Millrose Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th will be paid a $0.77 dividend. The ex-dividend date is Monday, July 6th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 10.3%. Millrose Properties’s dividend payout ratio (DPR) is 108.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $37.67.

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.