284,259 Shares in Millrose Properties, Inc. $MRP Purchased by Element Capital Management LLC

Element Capital Management LLC acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP) in the fourth quarter, Holdings Channel reports. The fund acquired 284,259 shares of the company’s stock, valued at approximately $8,491,000. Millrose Properties comprises 4.1% of Element Capital Management LLC’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in shares of Millrose Properties during the fourth quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its position in Millrose Properties by 55.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after buying an additional 357 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of Millrose Properties by 3,090.6% in the 4th quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock worth $30,000 after acquiring an additional 989 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $44,000 after acquiring an additional 1,201 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Millrose Properties in the first quarter valued at about $39,000.

Analyst Ratings Changes

Several research firms recently issued reports on MRP. Wall Street Zen cut shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $37.67.

Insiders Place Their Bets

In other news, insider Darren Richman purchased 195,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $27.31 per share, for a total transaction of $5,325,450.00. Following the completion of the transaction, the insider directly owned 416,000 shares in the company, valued at $11,360,960. This represents a 88.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Matthew B. Gorson purchased 4,500 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $26.96 per share, with a total value of $121,320.00. Following the purchase, the director directly owned 35,750 shares in the company, valued at approximately $963,820. The trade was a 14.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 240,532 shares of company stock valued at $6,567,048. Company insiders own 0.23% of the company’s stock.

Millrose Properties Trading Down 2.0%

Shares of Millrose Properties stock opened at $28.12 on Thursday. The company has a 50-day moving average of $28.83 and a two-hundred day moving average of $29.70. 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 stock has a market cap of $4.34 billion, a PE ratio of 10.08 and a beta of 0.40.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 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 firm had revenue of $194.93 million for the quarter. The business’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 10.8%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, April 2nd. Millrose Properties’s dividend payout ratio is currently 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.