Millrose Properties, Inc. $MRP Stock Position Raised by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in Millrose Properties, Inc. (NYSE:MRP) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,480 shares of the company’s stock after acquiring an additional 5,500 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.11% of Millrose Properties worth $4,974,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MRP. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Millrose Properties during the 1st quarter worth approximately $27,000. Summit Securities Group LLC bought a new position in Millrose Properties during the 1st quarter worth $28,000. MassMutual Private Wealth & Trust FSB increased its position in Millrose Properties by 144.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company’s stock worth $28,000 after buying an additional 575 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in Millrose Properties in the first quarter worth $29,000. Finally, First Financial Corp IN bought a new stake in Millrose Properties in the second quarter valued at $32,000.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. Citizens Jmp started coverage on shares of Millrose Properties in a research note on Wednesday, October 8th. They set a “mkt outperform” rating and a $40.00 price objective on the stock. JMP Securities assumed coverage on shares of Millrose Properties in a research report on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 price target on the stock. Finally, Citigroup increased their price objective on Millrose Properties from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Millrose Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.38.

Millrose Properties Stock Up 4.1%

MRP opened at $30.43 on Friday. The business has a 50 day moving average of $32.41 and a 200-day moving average of $30.88. Millrose Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $36.00. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $5.05 billion and a price-to-earnings ratio of 17.90.

Millrose Properties (NYSE:MRP) last issued its earnings results on Thursday, October 23rd. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $179.26 million during the quarter.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend was Friday, October 3rd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.69. Millrose Properties’s payout ratio is currently 171.76%.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson bought 2,500 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was bought at an average price of $32.69 per share, for a total transaction of $81,725.00. Following the transaction, the director owned 18,160 shares of the company’s stock, valued at approximately $593,650.40. The trade was a 15.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick J. Bartels, Jr. purchased 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average price of $32.52 per share, for a total transaction of $243,900.00. Following the completion of the transaction, the director directly owned 30,660 shares in the company, valued at $997,063.20. This trade represents a 32.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 11,476 shares of company stock worth $373,264.

About Millrose Properties

Millrose Properties, Inc is a real estate investment and management company that focuses on acquiring, developing, and managing high-quality commercial properties. They are headquartered in Purchase, New York.