LSV Asset Management Buys 25,600 Shares of Millrose Properties, Inc. $MRP

LSV Asset Management increased its holdings in Millrose Properties, Inc. (NYSE:MRP) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,083 shares of the company’s stock after acquiring an additional 25,600 shares during the period. LSV Asset Management owned about 0.15% of Millrose Properties worth $7,231,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH grew its holdings in shares of Millrose Properties by 1,371.2% in the third quarter. Allianz Asset Management GmbH now owns 438,705 shares of the company’s stock valued at $14,745,000 after acquiring an additional 408,885 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Millrose Properties in the third quarter valued at approximately $6,029,000. Hodges Capital Management Inc. grew its holdings in shares of Millrose Properties by 180.0% in the third quarter. Hodges Capital Management Inc. now owns 80,722 shares of the company’s stock valued at $2,713,000 after acquiring an additional 51,892 shares in the last quarter. Vanguard Group Inc. grew its holdings in Millrose Properties by 16.3% during the fourth quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company’s stock valued at $630,769,000 after purchasing an additional 2,960,066 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Millrose Properties by 24.4% during the fourth quarter. State of Alaska Department of Revenue now owns 180,194 shares of the company’s stock valued at $5,381,000 after purchasing an additional 35,304 shares during the period.

Insiders Place Their Bets

In other Millrose Properties news, Director Matthew B. Gorson acquired 4,500 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average price of $26.96 per share, with a total value of $121,320.00. Following the transaction, the director directly owned 35,750 shares in the company, valued at approximately $963,820. The trade was a 14.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Darren Richman acquired 40,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $27.31 per share, with a total value of $1,092,400.00. Following the transaction, the insider owned 84,000 shares in the company, valued at approximately $2,294,040. This trade represents a 90.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 241,532 shares of company stock valued at $6,597,708. Insiders own 0.23% of the company’s stock.

Millrose Properties Trading Up 0.1%

NYSE:MRP opened at $27.65 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.41. Millrose Properties, Inc. has a 12 month low of $26.30 and a 12 month high of $36.00. The company has a market cap of $4.26 billion, a PE ratio of 9.91 and a beta of 0.59. The company has a 50 day simple moving average of $28.82 and a two-hundred day simple moving average of $29.95.

Millrose Properties (NYSE:MRP) last posted its earnings results on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The company had revenue of $194.93 million during the quarter. The firm’s quarterly revenue was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 11.0%. 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. Millrose Properties’s payout ratio is presently 108.96%.

Analysts Set New Price Targets

MRP has been the topic of several recent research reports. Weiss Ratings downgraded Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Millrose Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $37.67.

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.