Janus Henderson Group PLC Purchases 19,300 Shares of Millrose Properties, Inc. $MRP

Janus Henderson Group PLC increased its holdings in shares of Millrose Properties, Inc. (NYSE:MRP) by 36.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 72,600 shares of the company’s stock after acquiring an additional 19,300 shares during the quarter. Janus Henderson Group PLC’s holdings in Millrose Properties were worth $2,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Millrose Properties in the fourth quarter worth about $101,800,000. Vanguard Group Inc. increased its stake in Millrose Properties by 16.3% during 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 in the last quarter. Permian Investment Partners LP raised its holdings in Millrose Properties by 116.4% during the 4th quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company’s stock worth $113,336,000 after buying an additional 2,040,900 shares during the period. State Street Corp lifted its stake in Millrose Properties by 23.0% in the fourth quarter. State Street Corp now owns 5,080,719 shares of the company’s stock valued at $151,761,000 after buying an additional 950,421 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Millrose Properties by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,939,771 shares of the company’s stock valued at $98,806,000 after buying an additional 908,189 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented 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 raised Millrose Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $37.67.

Insider Buying and Selling

In related news, Director Matthew B. Gorson purchased 4,500 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $26.96 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Darren Richman acquired 195,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $27.31 per share, for a total transaction of $5,325,450.00. Following the purchase, the insider owned 416,000 shares in the company, valued at approximately $11,360,960. This represents a 88.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 240,532 shares of company stock valued at $6,567,048. Corporate insiders own 0.23% of the company’s stock.

Millrose Properties Stock Up 0.7%

Millrose Properties stock opened at $29.00 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.34 and a debt-to-equity ratio of 0.42. Millrose Properties, Inc. has a 1-year low of $26.30 and a 1-year high of $36.00. The company has a fifty day simple moving average of $28.83 and a 200 day simple moving average of $29.31. The company has a market cap of $4.47 billion, a P/E ratio of 10.11 and a beta of 0.39.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $196.85 million during the quarter. Millrose Properties had a net margin of 62.60% and a return on equity of 8.13%.

Millrose Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, July 6th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 10.6%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Monday, July 6th. Millrose Properties’s payout ratio is currently 107.32%.

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.