47,178 Shares of Millrose Properties, Inc. $MRP Purchased by Summit Global Investments

Summit Global Investments bought a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,178 shares of the company’s stock, valued at approximately $1,225,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MRP. CX Institutional acquired a new stake in shares of Millrose Properties in the third quarter worth approximately $26,000. IFP Advisors Inc raised 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 purchasing an additional 830 shares during the last quarter. Root Financial Partners LLC purchased a new position in Millrose Properties in the 3rd quarter valued at $42,000. Versant Capital Management Inc purchased a new position in Millrose Properties in the 3rd quarter valued at $44,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in Millrose Properties during the 3rd quarter worth $49,000.

Insider Activity

In other news, Director Matthew B. Gorson purchased 3,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $28.80 per share, for a total transaction of $86,400.00. Following the acquisition, the director directly owned 38,750 shares of the company’s stock, valued at approximately $1,116,000. This represents a 8.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carlos A. Migoya purchased 1,000 shares of Millrose Properties stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of $29.18 per share, for a total transaction of $29,180.00. Following the transaction, the director owned 30,075 shares in the company, valued at approximately $877,588.50. This trade represents a 3.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

More Millrose Properties News

Here are the key news stories impacting Millrose Properties this week:

• Positive Sentiment: Millrose’s recent quarterly results provide a counterpoint to the legal concerns: the company reported $0.78 in EPS, slightly above the $0.77 consensus estimate, while revenue rose 17.7% year over year to $211 million. Earnings per share also increased from $0.74 in the prior-year quarter.
• Neutral Sentiment: Several law firms are competing to represent investors in the same securities class action, reminding shareholders who purchased Millrose securities between February 7, 2025, and October 2, 2026, that the lead-plaintiff deadline is December 8, 2026. The notices do not represent separate confirmed judgments against the company. Kaplan Fox class action notice
• Negative Sentiment: The lawsuit alleges Millrose violated federal securities laws by making misleading statements about its land-bank strategy, including claims that it would have no tenants, while allegedly purchasing approximately $200 million of finished homes intended for rental. If the allegations lead to damages, settlements, or additional disclosures, investors could face greater uncertainty over the company’s strategy, governance, and financial liabilities. Millrose investor alert
• Negative Sentiment: The concentration of announcements from Rosen, Kaplan Fox, Robbins Geller, Pomerantz, and other firms keeps the litigation risk prominent in the market. The case is pending in the U.S. District Court for the Southern District of Florida, and the allegations have not been proven. Rosen Millrose class action notice

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citizens Jmp cut shares of Millrose Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, October 5th. Citigroup lowered shares of Millrose Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Millrose Properties currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Millrose Properties Stock Down 0.2%

Shares of NYSE:MRP opened at $25.58 on Monday. Millrose Properties, Inc. has a 52-week low of $21.07 and a 52-week high of $32.60. The stock has a market cap of $3.95 billion, a P/E ratio of 8.47 and a beta of 0.52. The business has a fifty day moving average of $26.75 and a two-hundred day moving average of $28.72. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.53.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Millrose Properties had a return on equity of 8.56% and a net margin of 63.24%. The business had revenue of $211.00 million for the quarter. During the same quarter in the prior year, the firm earned $0.74 EPS. The firm’s revenue was up 17.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Monday, October 5th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 12.4%. The ex-dividend date was Monday, October 5th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.77. Millrose Properties’s dividend payout ratio (DPR) is presently 104.64%.

Millrose Properties Company Profile

Millrose Properties, Inc is a residential land acquisition and development company focused on providing finished residential lots to homebuilders. Its business involves acquiring land, securing necessary entitlements, and completing infrastructure and other improvements needed to prepare properties for home construction.

The company generally operates through land-banking arrangements and related development agreements with homebuilders. Millrose may own or control land during the development process and subsequently sell finished lots to builders, helping homebuilders access development-ready sites while reducing the time and capital required for land preparation.

Millrose was established in connection with Lennar Corporation’s separation of its residential land and lot development operations and began trading as an independent public company in 2025.