VIRGINIA RETIREMENT SYSTEMS ET Al Takes $751,000 Position in Millrose Properties, Inc. $MRP

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,150 shares of the company’s stock, valued at approximately $751,000.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of Millrose Properties during the 4th quarter worth $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Millrose Properties by 55.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after buying an additional 357 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Millrose Properties during the 1st quarter worth $39,000. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $44,000 after buying an additional 1,201 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Millrose Properties by 33.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company’s stock worth $45,000 after buying an additional 380 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MRP. Weiss Ratings cut Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen cut Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $37.67.

Millrose Properties Price Performance

Shares of MRP opened at $26.72 on Monday. Millrose Properties, Inc. has a 12-month low of $26.30 and a 12-month high of $36.00. The business has a 50-day simple moving average of $29.12 and a two-hundred day simple moving average of $30.18. 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 stock has a market cap of $4.12 billion, a PE ratio of 9.58 and a beta of 0.59.

Millrose Properties (NYSE:MRP) last issued its 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). The firm had revenue of $194.93 million during the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The firm’s revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a dividend yield of 11.4%. Millrose Properties’s payout ratio is currently 108.96%.

Insider Activity

In related news, insider Darren Richman purchased 40,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought 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 owned 84,000 shares in the company, valued at approximately $2,294,040. This represents a 90.91% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew B. Gorson purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $30.66 per share, with a total value of $30,660.00. Following the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 237,032 shares of company stock valued at $6,476,388. Insiders own 0.23% of the company’s stock.

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.