Rachel Presa Acquires 725 Shares of Millrose Properties (NYSE:MRP) Stock

Millrose Properties, Inc. (NYSE:MRP) General Counsel Rachel Presa purchased 725 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $27.18 per share, for a total transaction of $19,705.50. Following the acquisition, the general counsel owned 2,193 shares of the company’s stock, valued at approximately $59,605.74. The trade was a 49.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Rachel Presa also recently made the following trade(s):

• On Wednesday, May 13th, Rachel Presa acquired 307 shares of Millrose Properties stock. The stock was acquired at an average cost of $26.62 per share, with a total value of $8,172.34.

Millrose Properties Stock Up 2.4%

MRP opened at $27.31 on Friday. Millrose Properties, Inc. has a 12 month low of $26.30 and a 12 month 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 stock has a market cap of $4.21 billion, a P/E ratio of 9.79 and a beta of 0.59. The stock’s 50 day moving average price is $29.20 and its 200 day moving average price is $30.22.

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 analysts’ consensus estimates 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 firm’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were issued a $0.76 dividend. 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 11.1%. Millrose Properties’s dividend payout ratio is currently 108.96%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings cut shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Millrose Properties currently has an average rating of “Buy” and a consensus target price of $37.67.

Institutional Trading of Millrose Properties

Institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in Millrose Properties during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC lifted its holdings in Millrose Properties by 55.8% in the 3rd 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 last quarter. Root Financial Partners LLC lifted its holdings in Millrose Properties by 3,090.6% in the 4th quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock valued at $30,000 after acquiring an additional 989 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Millrose Properties by 984.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock valued at $44,000 after purchasing an additional 1,201 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Millrose Properties in the 1st quarter worth approximately $39,000.

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.