Knights of Columbus Asset Advisors LLC Takes $788,000 Position in Millrose Properties, Inc. $MRP

Knights of Columbus Asset Advisors LLC acquired a new stake in Millrose Properties, Inc. (NYSE:MRP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,389 shares of the company’s stock, valued at approximately $788,000.

Several other large investors have also made changes to their positions in the business. Sound Income Strategies LLC purchased a new stake in shares of Millrose Properties in the fourth quarter worth about $29,000. Smartleaf Asset Management LLC lifted its position 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 worth $34,000 after buying an additional 357 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Millrose Properties in the first quarter worth about $39,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Millrose Properties by 984.4% in the third 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 lifted its position in shares of Millrose Properties by 33.8% in the fourth 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.

Insider Buying and Selling

In related news, insider Darren Richman acquired 40,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $27.31 per share, for a total transaction of $1,092,400.00. Following the completion of the transaction, the insider directly owned 84,000 shares in the company, valued at approximately $2,294,040. This trade represents a 90.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew B. Gorson acquired 4,500 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $26.96 per share, for a total transaction of $121,320.00. Following the completion of the transaction, the director owned 35,750 shares of the company’s stock, valued at approximately $963,820. This trade represents a 14.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 241,532 shares of company stock worth $6,597,708. Company insiders own 0.23% of the company’s stock.

Millrose Properties Price Performance

NYSE:MRP opened at $28.18 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.35 billion, a P/E ratio of 10.10 and a beta of 0.59. Millrose Properties, Inc. has a 12 month low of $26.30 and a 12 month high of $36.00. The business’s 50-day moving average is $28.75 and its 200 day moving average is $29.89.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data 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 net margin of 64.96% and a return on equity of 7.90%. The company had revenue of $194.93 million for the quarter. The company’s quarterly revenue was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were given a dividend of $0.76 per share. 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 was Thursday, April 2nd. Millrose Properties’s dividend payout ratio (DPR) is currently 108.96%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MRP. Weiss Ratings downgraded Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Millrose Properties from a “buy” rating to a “hold” rating in a research 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $37.67.

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.