Daiwa Securities Group Inc. Purchases 18,072 Shares of Millrose Properties, Inc. $MRP

Daiwa Securities Group Inc. lifted its position in Millrose Properties, Inc. (NYSE:MRP) by 39.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 63,613 shares of the company’s stock after acquiring an additional 18,072 shares during the period. Daiwa Securities Group Inc.’s holdings in Millrose Properties were worth $1,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in shares of Millrose Properties in the fourth quarter worth approximately $29,000. Root Financial Partners LLC lifted its stake in shares of Millrose Properties by 3,090.6% in the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock worth $30,000 after buying an additional 989 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 bought a new position in shares of Millrose Properties in the first quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake 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.

Insider Activity at Millrose Properties

In related news, insider Darren Richman acquired 195,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $27.31 per share, with a total value of $5,325,450.00. Following the completion of the acquisition, the insider directly owned 416,000 shares of the company’s stock, valued at approximately $11,360,960. This trade represents a 88.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Matthew B. Gorson bought 4,500 shares of Millrose Properties stock in a transaction on Monday, May 18th. The shares were acquired at an average cost of $26.96 per share, with a total value of $121,320.00. Following the completion of the acquisition, the director owned 35,750 shares of the company’s stock, valued at $963,820. The trade was a 14.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 240,532 shares of company stock valued at $6,567,048 over the last three months. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MRP. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. 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 company’s stock. Based on data from MarketBeat.com, Millrose Properties presently has a consensus rating of “Buy” and an average target price of $37.67.

Millrose Properties Stock Up 1.5%

MRP opened at $29.33 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average price of $28.71 and a 200-day moving average price of $29.77. Millrose Properties, Inc. has a twelve month low of $26.30 and a twelve month high of $36.00. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 10.51 and a beta of 0.40.

Millrose Properties (NYSE:MRP) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate 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. Millrose Properties’s 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. Stockholders of record on Friday, April 3rd were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a dividend yield of 10.4%. Millrose Properties’s dividend payout ratio is presently 108.96%.

About Millrose Properties

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.