Swedbank AB Makes New $664,000 Investment in Millrose Properties, Inc. $MRP

Swedbank AB acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,226 shares of the company’s stock, valued at approximately $664,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in Millrose Properties by 44.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,806 shares of the company’s stock worth $144,000 after purchasing an additional 1,479 shares during the period. LSV Asset Management boosted its position in Millrose Properties by 11.8% during the fourth quarter. LSV Asset Management now owns 242,083 shares of the company’s stock worth $7,231,000 after purchasing an additional 25,600 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Millrose Properties by 201.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,765 shares of the company’s stock worth $53,000 after buying an additional 1,180 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Millrose Properties in the fourth quarter valued at about $52,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Millrose Properties in the fourth quarter valued at about $1,139,000.

Wall Street Analyst Weigh In

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

Insider Transactions at Millrose Properties

In related news, Director Matthew B. Gorson purchased 4,500 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $26.96 per share, with a total value of $121,320.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Darren Richman purchased 195,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $27.31 per share, with a total value of $5,325,450.00. Following the purchase, the insider owned 416,000 shares of the company’s stock, valued at $11,360,960. This represents a 88.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 241,532 shares of company stock valued at $6,597,708. 0.23% of the stock is owned by insiders.

Millrose Properties Trading Up 1.5%

Shares of Millrose Properties stock opened at $28.09 on Thursday. The firm has a 50-day moving average of $28.80 and a 200-day moving average of $29.93. The stock has a market cap of $4.33 billion, a PE ratio of 10.07 and a beta of 0.59. Millrose Properties, Inc. has a 52-week low of $26.30 and a 52-week high of $36.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.34 and a current ratio of 0.34.

Millrose Properties (NYSE:MRP) last announced 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 business had revenue of $194.93 million during the quarter. Millrose Properties had a net margin of 64.96% and a return on equity of 7.90%. Millrose Properties’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. Investors of record on Friday, April 3rd were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 10.8%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, April 2nd. Millrose Properties’s payout ratio is presently 108.96%.

Millrose Properties 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.