Lecap Asset Management Ltd. Takes $535,000 Position in Millrose Properties, Inc. $MRP

Lecap Asset Management Ltd. acquired a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,926 shares of the company’s stock, valued at approximately $535,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in Millrose Properties in the third quarter valued at about $29,000. Sound Income Strategies LLC bought a new stake in shares of Millrose Properties during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC increased its stake 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 buying an additional 357 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Millrose Properties by 95.0% in the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $38,000 after buying an additional 547 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Millrose Properties by 984.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock valued at $44,000 after buying an additional 1,201 shares during the last quarter.

Insider Transactions at Millrose Properties

In other news, Director Matthew B. Gorson purchased 1,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of $30.66 per share, for a total transaction of $30,660.00. Following the transaction, the director owned 25,611 shares of the company’s stock, valued at approximately $785,233.26. This trade represents a 4.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Millrose Properties from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Millrose Properties has an average rating of “Buy” and a consensus price target of $36.13.

Millrose Properties Trading Up 0.1%

NYSE MRP opened at $31.06 on Monday. The business’s 50-day moving average price is $29.92 and its two-hundred day moving average price is $30.60. Millrose Properties, Inc. has a 12 month low of $23.01 and a 12 month high of $36.00. The firm has a market capitalization of $5.16 billion, a PE ratio of 12.73 and a beta of 0.34. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $189.50 million during the quarter. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.

Millrose Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 9.8%. The ex-dividend date was Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s dividend payout ratio (DPR) is 124.59%.

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.