Millrose Properties (NYSE:MRP) Shares Down 6% – Time to Sell?

Millrose Properties, Inc. (NYSE:MRP) shares fell 6% during mid-day trading on Friday. The company traded as low as $25.32 and last traded at $23.68. Approximately 503,462 shares were traded during trading, a decline of 66% from the average session volume of 1,474,462 shares. The stock had previously closed at $25.20.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Millrose Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $37.67.

Millrose Properties Trading Down 1.7%

The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 8.65 and a beta of 0.54. The company has a fifty day moving average price of $29.30 and a 200-day moving average price of $28.99. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.42.

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

Millrose Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, October 5th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Monday, October 5th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.77. Millrose Properties’s dividend payout ratio is 107.32%.

Insiders Place Their Bets

In other news, Director Matthew Gorson purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $28.80 per share, for a total transaction of $86,400.00. Following the completion of the transaction, the director owned 38,750 shares in the company, valued at $1,116,000. This represents a 8.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carlos Migoya acquired 1,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $29.18 per share, with a total value of $29,180.00. Following the acquisition, the director directly owned 30,075 shares of the company’s stock, valued at $877,588.50. This represents a 3.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Millrose Properties

A number of large investors have recently bought and sold shares of MRP. Versant Capital Management Inc purchased a new position in Millrose Properties during the third quarter worth approximately $44,000. Sequoia Financial Advisors LLC raised its stake in shares of Millrose Properties by 64.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,279 shares of the company’s stock worth $639,000 after buying an additional 8,378 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Millrose Properties during the 2nd quarter worth approximately $210,000. NewEdge Advisors LLC lifted its position in shares of Millrose Properties by 172.1% during the 2nd quarter. NewEdge Advisors LLC now owns 79,666 shares of the company’s stock valued at $2,394,000 after buying an additional 50,393 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Millrose Properties by 149.0% in the 2nd quarter. IFP Advisors Inc now owns 1,387 shares of the company’s stock valued at $42,000 after acquiring an additional 830 shares during the period.

Millrose Properties Company Profile

Millrose Properties, Inc is a residential land development company that provides land-banking solutions for homebuilders. The company acquires and develops residential land, funds the installation of infrastructure, and delivers finished lots that can be used for the construction of single-family homes.

Millrose works with homebuilding partners under arrangements designed to separate the ownership and development of land from the homebuilding process. Its activities may include acquiring raw or partially developed land, obtaining entitlements, coordinating site development, and selling completed lots to homebuilders.

The company was established as a publicly traded business in 2025 and focuses on residential growth markets in the United States.