FJ Capital Management LLC Boosts Holdings in Millrose Properties, Inc. $MRP

FJ Capital Management LLC lifted its stake in Millrose Properties, Inc. (NYSE:MRP) by 83.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,978 shares of the company’s stock after purchasing an additional 24,583 shares during the period. FJ Capital Management LLC’s holdings in Millrose Properties were worth $1,612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Millrose Properties by 16.3% in the 4th quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock worth $630,769,000 after purchasing an additional 2,960,066 shares during the period. State Street Corp lifted its position in shares of Millrose Properties by 23.0% in the 4th quarter. State Street Corp now owns 5,080,719 shares of the company’s stock worth $151,761,000 after purchasing an additional 950,421 shares during the period. Permian Investment Partners LP lifted its position in shares of Millrose Properties by 116.4% in the 4th quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company’s stock worth $113,336,000 after purchasing an additional 2,040,900 shares during the period. Norges Bank bought a new position in shares of Millrose Properties in the 4th quarter worth about $101,800,000. Finally, Wellington Management Group LLP increased its stake in shares of Millrose Properties by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,939,771 shares of the company’s stock worth $98,806,000 after acquiring an additional 908,189 shares in the last quarter.

Millrose Properties Trading Down 0.4%

Shares of MRP stock opened at $29.16 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 current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $28.78 and its 200 day moving average is $29.76. The stock has a market capitalization of $4.50 billion, a P/E ratio of 10.45 and a beta of 0.40.

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 the consensus estimate of $0.77 by ($0.03). Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The company had revenue of $194.93 million during the quarter. The business’s revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 10.4%. This is a positive change 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 presently 108.96%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MRP. Weiss Ratings lowered shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment 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 stock. According to MarketBeat.com, Millrose Properties currently has an average rating of “Buy” and an average target price of $37.67.

Insider Activity at Millrose Properties

In other Millrose Properties news, insider Darren Richman bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was bought 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 owned 84,000 shares of the company’s stock, valued at $2,294,040. This represents a 90.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew B. Gorson bought 4,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $26.96 per share, with a total value of $121,320.00. Following the completion of the transaction, the director directly owned 35,750 shares of the company’s stock, valued at $963,820. This trade represents a 14.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 240,532 shares of company stock valued at $6,567,048 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

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.