Millrose Properties, Inc. $MRP Position Cut by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its holdings in Millrose Properties, Inc. (NYSE:MRP) by 68.2% during the 1st quarter, Holdings Channel reports. The fund owned 21,485 shares of the company’s stock after selling 46,166 shares during the quarter. Sterling Capital Management LLC’s holdings in Millrose Properties were worth $602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in MRP. Sound Income Strategies LLC acquired a new position in Millrose Properties during the 4th quarter worth $29,000. Root Financial Partners LLC increased its holdings in shares of Millrose Properties by 3,090.6% during the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company’s stock valued at $30,000 after purchasing an additional 989 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Millrose Properties during the first quarter valued at about $39,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Millrose Properties by 984.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company’s stock valued at $44,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Millrose Properties by 33.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company’s stock worth $45,000 after purchasing an additional 380 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings cut shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of Millrose Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Millrose Properties currently has a consensus rating of “Buy” and an average price target of $37.67.

Insider Transactions at Millrose Properties

In other Millrose Properties news, insider Darren Richman acquired 40,000 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $27.31 per share, with a total value of $1,092,400.00. Following the purchase, the insider directly owned 84,000 shares of the company’s stock, valued at approximately $2,294,040. This trade represents a 90.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew B. Gorson bought 4,500 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $26.96 per share, for a total transaction of $121,320.00. Following the completion of the acquisition, the director directly owned 35,750 shares in the company, valued at approximately $963,820. This represents a 14.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 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.

Millrose Properties Stock Up 0.4%

Shares of MRP stock opened at $29.77 on Friday. Millrose Properties, Inc. has a 1 year low of $26.30 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.34 and a current ratio of 0.34. The business’s fifty day moving average is $28.68 and its 200-day moving average is $29.56. The stock has a market cap of $4.59 billion, a PE ratio of 10.67 and a beta of 0.34.

Millrose Properties (NYSE:MRP) last announced 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 firm had revenue of $194.93 million during the quarter. The firm’s revenue for the quarter was up 135.7% on a year-over-year basis.

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend is Monday, July 6th. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.76. 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.