SG Americas Securities LLC Purchases 91,819 Shares of Millrose Properties, Inc. $MRP

SG Americas Securities LLC grew its position in shares of Millrose Properties, Inc. (NYSE:MRP) by 371.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,532 shares of the company’s stock after purchasing an additional 91,819 shares during the period. SG Americas Securities LLC owned approximately 0.07% of Millrose Properties worth $3,263,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have issued reports on MRP shares. Wall Street Zen lowered shares of Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One 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 stock. Based on data from MarketBeat.com, Millrose Properties currently has an average rating of “Buy” and an average target price of $37.67.

Millrose Properties Trading Down 2.3%

Shares of MRP stock opened at $29.98 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $28.72 and a two-hundred day moving average price of $29.59. Millrose Properties, Inc. has a 12-month low of $26.30 and a 12-month high of $36.00. The firm has a market cap of $4.62 billion, a P/E ratio of 10.75 and a beta of 0.40.

Millrose Properties (NYSE:MRP) last announced 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). The firm 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 business’s revenue for the quarter was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

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

About Millrose Properties

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.