Daiwa Securities Group Inc. Grows Stock Holdings in Millrose Properties, Inc. $MRP

Daiwa Securities Group Inc. raised its position in Millrose Properties, Inc. (NYSE:MRP) by 39.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,613 shares of the company’s stock after acquiring an additional 18,072 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Millrose Properties were worth $1,901,000 at the end of the most recent quarter.

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

Insider Activity

In other Millrose Properties news, insider Darren Richman acquired 40,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $27.31 per share, with a total value of $1,092,400.00. Following the completion of the purchase, the insider directly owned 84,000 shares of the company’s stock, valued at approximately $2,294,040. The trade was a 90.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed 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 shares were acquired at an average cost 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 $963,820. This represents a 14.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 240,532 shares of company stock worth $6,567,048 in the last three months. 0.23% of the stock is currently owned by insiders.

Millrose Properties Price Performance

Shares of NYSE MRP opened at $29.33 on Wednesday. Millrose Properties, Inc. has a 1 year low of $26.30 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.34 and a quick ratio of 0.34. The company’s 50-day moving average is $28.71 and its 200 day moving average is $29.77. The stock has a market capitalization of $4.52 billion, a P/E ratio of 10.51 and a beta of 0.40.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 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 business had revenue of $194.93 million for the quarter. The business’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a yield of 10.4%. Millrose Properties’s payout ratio is presently 108.96%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MRP shares. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.